Investors Seek Class Cert. In Suit Against Stone Energy

Law360, New York (November 2, 2009, 12:46 PM EST) -- Investors accusing oil and gas firm Stone Energy Corp. of overstating its oil reserves and falsifying its financial reports have made a move for class certification.

On Friday, lead plaintiff City of Knoxville Employees’ Pension System urged Judge Tucker L. Melancon of the U.S. District Court for the Western District of Louisiana to certify a class of investors that purchased Stone Energy Corp. stock between 2001 and 2006.

The plaintiff also asked the court to appoint Bernstein Litowitz Berger & Grossman LLP and Barroway Topaz Kessler...
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