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‘Enforcement 40’ for 2020
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Court Denies Class Certification in Halliburton Securities Class Action
Halliburton (HAL) announced today that on September 29, 2008, the U.S. District Court for the Northern District of Texas denied the plaintiff’s motion for class certification in the securities class action filed against it. Halliburton stated that as a result, the claims brought by lead plaintiff Archdiocese of Milwaukee Supporting Fund must now be pursued […]
Alstom Court Excludes Certain European Investors from Class
As previously discussed briefly here, on August 27, U.S. District Judge Victor Marrero of the SDNY limited the class of investors who are part of the class action in his court against Alstom SA. As reported by IPE.com, the judge ruled that the proposed class definition should be modified to “delete the inclusion of French […]
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 […]
Court Grants Class Cert. in Monster Worldwide Backdating Case
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 […]