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April 17, 2005
Did Securities Class Action Reform Create a New "Pay-to-Play" Opportunity?
An article in the New York Times discusses the role of N.Y. Comptroller Alan Hevesi, whose responsibilities include being the sole fiduciary responsible for the New York Common Retirement Fund, which has assets of $120 billion, as the lead plaintiff in securities class action law suits. The Common Retirement Fund was the lead plaintiff in the WorldCom litigation that resulted in settlements of over $6 billion and is currently in trial against Arthur Andersen, the last remaining defendant (see earlier post here). ...
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Posted on April 17, 2005 11:22 PM by Class 65.
Filed in Personal Injury Resources under class action law.
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