KeyCorp ERISA Case Stays Tied To Securities Cases

Law360, New York (December 14, 2009, 4:53 PM EST) -- A federal judge has refused to separate an Employee Retirement Income Security Act class action from a trio of securities and common law class actions, all of which accuse KeyCorp’s investment management subsidiary of blindly sluicing millions of dollars into the Madoff Ponzi scheme.

Judge Thomas P. Griesa of the U.S. District Court for the Southern District of New York had issued an order in October that consolidated four related cases against Austin Capital Management Ltd. into a single action for pretrial purposes.

But a group...
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