More Banco Popular Shareholders Can't Join Suit: Judge

Law360, New York (June 28, 2011, 9:59 PM EDT) -- A Puerto Rico federal judge on Tuesday denied a class of Popular Inc. shareholders suing the bank leave to intervene in another suit that recently reached a $37.5 million settlement.

U.S. District Judge Gustavo A. Gelpi on June 20 preliminarily approved the settlement of a suit brought by shareholder Russell Hoff, allowing purported class members to be notified of the deal. Plaintiffs in Ceci Montilla-Rojo et al. v. Popular Inc. et al., who filed their class action in January, moved June 19 to intervene in Hoff...
To view the full article, register now.




Case Information

Case Title

Hoff v. Popular, Inc. et al

Case Number



Puerto Rico

Nature of Suit



Gustavo A. Gelpi

Date Filed

May 14, 2009

Law Firms


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.