Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedInADRs
Australia’s ANZ Banking Group Labels US Class Action Against it “Strange” and “Without Foundation”
Australia-based ANZ Banking Group Ltd said Tuesday that a class action filed against it by US law firm Vianale & Vianale in the SDNY over certain disclosures is “starnge” and “without foundation,” The Age reports. The lawsuit was filed on Monday alleging that ANZ violated US securities laws by failing to adequately disclose the range [...]
SDNY Certifies, Narrows Class in Alstom Securities Class Action
In an order dated Aug. 27, U.S. District Judge Victor Marrero of the SDNY granted class certification in the securities class action lawsuit against Alstom SA (ALO) and its U.S. subsidiaries over alleged accounting improprieties. The class is defined as shareholders who purchased the company’s ADRs between Aug. 3, 1999, and Aug. 6, 2003. According [...]