CP Ships Deal Covers Foreign Plaintiffs: 11th Circ.

Law360, New York (August 13, 2009, 9:26 PM EDT) -- A federal appeals court has ruled that a district court had jurisdiction over claims brought by foreign plaintiffs in a securities class action against CP Ships Ltd. when it approved a settlement in the case, denying a bid by one foreign plaintiff to get out of the settlement.

Judge R. Lanier Anderson of the U.S. Court of Appeals for the Eleventh Circuit ruled Thursday on behalf of a three-judge panel that the district court had jurisdiction over the claims of all the plaintiffs in the case,...
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