Plaintiffs Move To Settle Repsol Securities Action

Law360, New York (August 24, 2007, 12:00 AM EDT) -- A putative securities class action against Spanish energy giant Repsol YPF SA moved closer to resolution Thursday when the plaintiffs asked a judge to grant motions relating to a proposed $8 million settlement.

The putative class, comprising Repsol shareholders during the period of Feb. 22, 2005 to Jan. 27, 2006, filed a motion in the U.S. District Court for the Southern District of New York seeking preliminary approval of the settlement, conditional class certification, class notice guidelines and a date for a hearing on final approval....
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