Fortis Investors Can Bring Suit To Another Venue: Judge

Law360, New York (May 21, 2010, 7:24 PM EDT) -- A federal judge has refused to reconsider his decision to toss a securities class action accusing Fortis NA of misleading investors during its planned acquisition of Dutch commercial banking entity ABN Amro Holding NV, while giving the plaintiffs a chance to bring their allegations to a more appropriate venue.

While Judge Denny Chin of the U.S. District Court for the Southern District of New York denied the plaintiffs' motions for reconsideration and for leave to file a second amended complaint Thursday, he did clarify his opinion...
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