We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Conseco Gets Securities Fraud Action Booted

Law360 (March 31, 2011, 2:42 PM EDT) -- A New York federal judge on Wednesday tossed a putative shareholder class action over Conseco Inc.'s restatement of several years of financial results in 2008, agreeing with the insurer that the suit failed to allege fraud.

Judge John G. Koeltl of the U.S. District Court for the Southern District of New York said Conseco had made “lengthy and thorough public disclosures” about its efforts to recover from inconsistencies in claims reporting in its long-term care businesses and a resulting investigation by state insurance regulators.

Judge Koeltl...
To view the full article, register now.




Case Information

Case Title

Plumbers and Pipefitters Local Union No. 719 Pension Trust Fund v. Conseco, Inc. et al

Case Number



New York Southern

Nature of Suit



John G. Koeltl

Date Filed

August 6, 2009

Law Firms


Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.