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Case ID: 5053 | Stocks | 07/17/2008
On June 23, 2008, the Judge Victor Marrero granted the motion to appoint Iowa Public Employees' Retirement System; Policemen's Annuity & Benefit Fund of Chicago; Central States, Southeast, Southwest Areas Pension Fund; and State-Boston Retirement System as lead plaintiffs. Further, according to the order, the law firms of Barrack, Rodos & Bacine and Cohen, Milstein, Hausfeld & Toll, P.L.L.C. are approved to serve as co-lead counsel.
On March 31, 2008, an order to consolidate 08-CV-2233(VM) as lead case and 08-CV-2802(VM) as member case was entered. Later on, several motions to appoint lead plaintiffs and counsels were filed by different groups and individuals on May 09 and 12, 2008. A class action lawsuit was filed on behalf of purchasers of the common stock of MF Global, Ltd., (“MF” or the “Company”) (NYSE:MF), in its Initial Public Offering on July 19, 2007 and on the open market through February, 28, 2008 (the “Class Period”). The complaint asserts claims against defendants for violations of Sections 11, 12(2) and 15 of the Securities Act of 1933. The complaint alleges that the Registration Statement and Prospectus issued in connection with the IPO were materially false and misleading.
At Lawcash.com, it is our goal to keep you informed about important legal cases, class actions and settlements. Our lawyers offer free legal evaluations in tort cases, class actions, personal injury, and other lawsuits because we are dedicated to helping you resolve your legal complaints. Other Stocks Cases of Interest Several class actions have been filed against pet health company Virbac Corporation (Nasdaq: VBACE) and certain of its officers and directors by stockholders who purchased the company's common stock between May 3, 2001, and November 12, 2003. The actions claim that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. The stockholders seek to recover compensatory damages for the loss of value of their stock. The telecom market has had its ups and downs. A class action has been filed against telecommunications company Allegiance Telecom, Inc. (OTC:ALGXQ) and certain of its officers and directors by stockholders who purchased the company's common stock between April 24, 2001, and February 19, 2002. The actions claim that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. A class action has been filed against Hilb Rogal & Hobbs Co. (NYSE:HRH), certain of its officers and directors by stockholders who purchased the company's common stock between February 14, 2002 and May 26, 2005. The action claims that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. The stockholders seek to recover compensatory damages for the loss of value of their stock. Several class actions have been filed against Russian petroleum producer Yukos Oil Company (OTC BB:YUKOF.PK; OTC BB:YUKOY.PK; Russia:YUKO) and certain of its officers and directors by stockholders who purchased the company's common stock between February 13, 2003, and October 25, 2003. The actions claim that the defendants violated federal securities laws by failing to disclose that they were using questionable tax schemes to minimize corporate and business taxes owed to the Russian government over this time period, thereby artificially inflating the price of the company's securities. A class action has been filed against Veeco Instruments Inc. (NasdaqNM:VECO), and certain of its officers and directors by stockholders who purchased the company's common stock between November 03, 2003 and February 10, 2005. The action claims that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. The stockholders seek to recover compensatory damages for the loss of value of their stock. On August 12, 2003, the parties announced a tentative $15 million settlement of a class action filed against safety services provider Rural/Metro Corporation (Nasdaq: RUREC, formerly RURL and RURLC) and certain of its officers and directors by stockholders who purchased the company's common stock between April 24, 1997, and June 11, 1998. To recover under the settlement, class members must mail a claim form to the settlement administrator postmarked no later than December 15, 2003.
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