Investors Win Class Cert. in Ambassadors Fraud Suit
Judge Justin Quackenbush of the U.S. District Court for the Eastern District of Washington established a class of plaintiffs alleging Ambassadors fraudulently touted its sanguine prospects in 2007 despite knowing that enrollment numbers for the following year would be disappointing.
The court certified a class of investors who purchased Ambassadors Group publicly traded securities between July 24,...
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