Daily Archives: October 17, 2008, 5:10 pm

Kirby McInerney Appointed Lead Counsel in Wachovia Securities Class Actions

The law firm Kirby McInerney has been appointed lead counsel and the New York City Pension Funds as lead plaintiff in two class actions filed against Wachovia Corporation in the Southern District of New York, the firm announced on Wednesday.  The cases allege that Wachovia and its executives misrepresented and failed to disclose Wachovia’s exposure to the subprime market, including…

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Second Circuit Affirms Denial of Class Certification in Bombardier Case

On Tuesday, October 14, the U.S. Court of Appeals for the Second Circuit affirmed the denial of class certification in Teamsters Local 445 Freight Div. Pension Fund v. Bombardier Inc. et al. The case was a putative class action arising from the sale of debt securities (Certificates) backed by mobile home loans and leases, and plaintiffs alleged misrepresentations about the…

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