Daily Archives: February 17, 2009, 11:59 pm

Securities Docket News Wire for Feb. 17, 2009

Philadelphia-Area Pension Fund Becomes First to File Securities Class Action for Madoff Losses. http://tinyurl.com/c4j8zf # New Website Attempts to Project Share Price, Settlement Amount, Legal Fees and More for Securities Defendants. http://tinyurl.com/crnet3 # “Web 2.0? Webcast: Archived Version, Presentation Slides and Other Key Materials. http://is.gd/jSQs # Lawyers from 21 Countries Join to Form “Madoff Case Global Alliance of Law Firms.”…

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New Website Attempts to Project Share Price, Settlement Amount, Legal Fees and More for Securities Class Action Defendants

On the theory that the filing of securities class actions creates trading opportunities, a new website called “SCAEstimate.com” uses a database of 1000 past securities class action cases to provide reports on companies which have a securities lawsuit filed against them.  The reports assess the odds on the company’s future share price and the cost of settling these cases. In…

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Philadelphia-Area Pension Fund Becomes First to File Class Action for Madoff Losses

UPDATE: This article has been updated to correct the nature of the lawsuit filed by the pension fund.  The lawsuit is an ERISA action that asserts a claim for breach of fiduciary duty, not a securities class action.  A copy of the complaint is available here. Pension Fund for Hospital and Health Care Employees-Philadelphia and Vicinity, a Philadelphia-area pension fund,…

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