La. Retirement Fund To Lead Raymond James Action

Law360, New York (September 2, 2009, 2:40 PM EDT) -- A Louisiana state retirement fund has been selected as lead plaintiff and Grant & Eisenhofer PA as lead counsel in a class action alleging Raymond James Financial Inc. hid its losses in the commercial and residential real estate markets, leading to $2 billion in losses for investors when the troubles were revealed.

The Louisiana School Employees Retirement System, which represents more than 25,000 members and has over $1 billion under management, was named lead plaintiff Tuesday by Judge Robert P. Patterson of the U.S. District Court...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.