St. Joe Tries To Stamp Out Securities Fraud Action

Law360, New York (October 25, 2011, 3:24 PM EDT) -- Prominent Florida real estate developer The St. Joe Co. on Monday tried to put an end to a shareholder class action alleging the company and its officers inflated the value of its extensive holdings, saying the complaint fails to identify any fraudulent dealings.

The suit centers on claims that St. Joe, a leading real estate developer in the state with roughly $750 million in holdings, fraudulently misled the market by failing to recognize appropriate impairments on its assets even though its sales and the value of...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

MEYER v. THE ST JOE COMPANY et al


Case Number

5:11-cv-00027

Court

Florida Northern

Nature of Suit

Securities/Commodities

Judge

RICHARD SMOAK

Date Filed

January 28, 2011

Law Firms

Companies

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.