Baxter Shareholder Can't Appeal Plaintiff Status: Court

Law360, New York (October 17, 2007, 12:00 AM EDT) -- A shareholder cannot appeal a denial of lead plaintiff status if a judge denied another class certification motion in the case years before the denial, an appellate court ruled in a purported class action against healthcare company Baxter International Inc.

The U.S. Court of Appeals for the Seventh Circuit ruled on Wednesday against the City of Fayetteville Firemen's Pension and Relief Fund's appeal because it was not filed in time. While the fund had filed the appeal within ten days of the U.S. District Court for...
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