The suits seeking to make investment firms pay for failed tech IPOs (initial public offerings) can’t be tried as a class action, the Second Circuit rules. John Carney at DealBreaker explains the title (Dec. 6). “The ruling was a devastating blow to the embattled securities class-action powerhouse Milberg Weiss Bershad & Schulman, which is a co-leader for the plaintiffs.” (Julie Creswell, “Court Rejects Class Action Against Banks”, New York Times, Dec. 6).
“One Case To Kill Them All”, R.I.P.
The suits seeking to make investment firms pay for failed tech IPOs (initial public offerings) can’t be tried as a class action, the Second Circuit rules. John Carney at DealBreaker explains the title (Dec. 6). “The ruling was a devastating blow to the embattled securities class-action powerhouse Milberg Weiss Bershad & Schulman, which is a […]
Comments are closed.