Danica Named Lead Plaintiff In Transocean Suit

Law360, New York (January 5, 2011, 5:53 PM EST) -- Danish pension fund Danica Pension A/S has been appointed lead plaintiff in a securities class action accusing Transocean Ltd., operator of the Deepwater Horizon oil rig, of misleading investors about its safety protocols.

In an order Monday, the U.S. District Court for the Southern District of New York also approved Barroway Topaz Kessler Meltzer & Check LLP as lead counsel and Bernstein Litowitz Berger & Grossmann LLP as liaison counsel.

Judge Naomi Reice Buchwald found that Danica's roughly $3.7 million losses trumped the $3.4 million lost...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Foley v. Transocean Ltd. et al


Case Number

1:10-cv-05233

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Naomi Reice Buchwald

Date Filed

July 8, 2010

Law Firms

Companies

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.