Plaintiffs Lose Bid To Amend Royal Ahold Claims

Law360, New York (June 19, 2007, 12:00 AM EDT) -- The lead plaintiffs in a multidistrict securities class action against Royal Ahold N.V. suffered a blow on Monday, when a judge denying their motion to amend their claims against the Dutch food conglomerate and co-defendant Deloitte & Touche LLP.

U.S. District Judge Catherine C. Blake issued an order on June 18 denying a bid by the Public Employees’ Retirement Association of Colorado and Generic Trading of Philadelphia LLC to file a second consolidated amended complaint.

The case stems from an $800 million accounting scheme that caused...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.