Dotcom Securities Class Action Survives

Law360, New York (December 20, 2006, 12:00 AM EST) -- A securities class action suit against executives of former web hosting firm Exodus Communications Inc. and its underwriters, dating back to the dotcom bust, has just reached the U.S. Court of Appeals for the Ninth Circuit.

Exodus former Chief Executive Ellen Hancock cross-appealed a previous dismissal by the district court on Monday. The recent move added to an appeal filed by a group of plaintiffs at the end of November, which seeks to turn over a number of the lower court’s rulings.

The original complaint was...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.