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By Securities Docket on March 24, 2015, 1:27 pm
Tesco is facing a potential multi-billion class action lawsuit in the UK by a not-for-profit organisation representing its shareholders, in relation to the profit overstatement it announced last year. Tesco Shareholder Claims Limited (TSC), a not-for-profit group backed by US law firm Scott +Scott LLP firm, today announced its will seek to bring action against Tesco PLC in […]
By Securities Docket on March 24, 2015, 8:55 am
Get caught up with the Securities Docket News Wire for March 23, 2015.
By Securities Docket on March 24, 2015, 7:57 am
American International Group Inc shareholders won approval on Friday of a $970.5 million settlement resolving claims they were misled about its subprime mortgage exposure, leading to a liquidity crisis and $182.3 billion in federal bailouts. via AIG investors’ $970.5 mln settlement wins US court approval | Reuters
By Securities Docket on March 24, 2015, 7:56 am
The aggregate amount of all securities class action settlements during 2014 declined to the lowest level in years and there also was a “dramatic” decrease in the average securities suit settlement amount during the year, according to a March 24, 2014 report from Cornerstone Research…. via Cornerstone Research: Average and Aggregate Securities Suit Settlements Plunged […]