Law360, New York (June 02, 2008) -- Royal Bank of Canada has become the latest target of angry investors in the wake of the auction rate securities market collapse, having been hit with a putative class action alleging the firm played its clients for fools.
The securities suit, filed in the U.S. District Court for the Southern District of New York, accuses the bank of misleading plaintiffs into believing the ill-fated securities were akin to...
