Portrait Studio Co. Accused Of Misleading Investors

Law360, New York (January 19, 2012, 9:11 PM EST) -- A pension fund launched a shareholder class action in Missouri federal court last week accusing former executives of portrait studio company CPI Corp. of making false statements and omissions that led to artificially inflated prices.

IBEW Local 98 Pension Fund filed suit Jan. 13, accusing CEO and President Renato Cataldo, Chief Financial Officer Dale E. Heins and Executive Chairman David M. Meyer, along with CPI itself, of engaging in a misinformation campaign about the health of the company.

The fund alleges that the executives concealed information...
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Case Information

Case Title

IBEW Local 98 Pension Fund v. CPI Corp. et al


Case Number

4:12-cv-00075

Court

Missouri Eastern

Nature of Suit

Securities/Commodities

Judge

Audrey G. Fleissig

Date Filed

January 13, 2012

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