As Harman Asks For Dismissal, Investors Seek Class Cert.
Law360 (January 15, 2020, 4:28 PM EST) -- One day after Harman International Industries Inc. submitted a motion for judgment, company investors on Tuesday asked for certification of their proposed class in a federal suit in Connecticut alleging they were duped by Harman's proxy statement as it sought approval of its $8 billion acquisition by Samsung Electronics Co. Ltd.
Lead plaintiff Patricia B. Baum and proposed intervening plaintiff Laborers' Local #231 Pension Fund submitted their motion for class certification to U.S. District Judge Robert N. Chatigny and U.S. Magistrate Judge William I. Garfinkel on Jan. 14.
Baum and the fund both requested appointment to represent a class comprising Harman...
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