Ahold Plaintiffs Don't Meet Tellab Standard: 4th Circ.

Law360, New York (January 6, 2009, 12:00 AM EST) -- A federal appeals court has refused to allow the plaintiffs in a securities class action against supermarket operator Royal Ahold NV to amend their claims against the Dutch food conglomerate's accountants, Deloitte & Touche LLP.

The class action securities fraud lawsuit stems from charges of improper accounting by Royal Ahold and its subsidiary U.S. Foodservice Inc., but the appeal dealt only with the potential liability of Deloitte & Touche as the company's auditors.

The other defendants in the case, including Royal Ahold, reached a settlement with...
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