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Securities Law >
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NY District Court Rejects Pension Fund's Bid to Gain Class Rep Status, But Certifies Backdated Stock Option Class Suit Versus Monster Worldwide
This is a private securities fraud action brought on behalf of a putative class of investors. The two named plaintiffs, the Middlesex County Retirement System (“Middlesex”) and the Steamship Trade Association-International Longshoremen’s Association Pension Fund (“STA-ILA”), alleged that the three defendants—Monster Worldwide, Inc. (“Monster”), Andrew J. McKelvey (former CEO and…
Date of ruling:
07/15/2008
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