Judge Guts Forced-Retirement Suit Against Booz Allen Execs

Law360, New York (February 15, 2012, 10:44 PM EST) -- A New York federal judge on Wednesday gutted a suit filed by former Booz Allen Hamilton Inc. officers claiming they were forced to retire and sell their stock options as part of a scheme by other executives to profit from a deal with The Carlyle Group.

U.S. District Judge Lewis A. Kaplan dismissed securities fraud claims, as well as claims brought under the Employee Retirement Income Security Act and the Racketeer Influenced and Corrupt Organizations Act. Only one of the plaintiffs' claims survived the dismissal motions....
To view the full article, register now.

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.