Judge Rakoff of the SDNY has granted a motion for class certification in a shareholder lawsuit against Monster Worldwide (MNST.O) alleging securities fraud. According to the Washington Post, the suit filed by two pension funds — the Middlesex County Retirement System in Massachusetts and the pension fund of the Steamship Trade Association-International Longshoreman’s Association–alleged Monster backdated stock options that were handed out to employees.
‘Enforcement 40’ for 2020
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