IN RE: General Electric Co. Sec. Litig.

  1. April 30, 2013

    GE's $40M Pact Ends Financial Crisis Lawsuit

    General Electric Co., its CEO Jeffrey Immelt and Chief Financial Officer Keith Sherin have agreed to pay $40 million to settle a class action alleging the iconic appliance company lied to investors about its financial health during the 2008 financial crisis, the lead plaintiff said Monday.

  2. April 23, 2012

    GE Ruling Thrusts Rare SEC Rule Into Spotlight

    A New York federal judge invoked a little-used U.S. Securities and Exchange Commission rule Wednesday to dismiss a host of bank underwriters from litigation over alleged misstatements in a 2008 General Electric Co. secondary securities offering, potentially creating more obstacles for such class actions in the future.

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