Robbins Geller Says Boeing Suit Doesn't Warrant Sanctions

Law360, New York (October 29, 2013, 7:12 PM EDT) -- Robbins Geller Rudman & Dowd LLP on Monday urged an Illinois federal judge not to sanction the firm for filing a shareholder class action against The Boeing Co. based on allegations by a confidential witness who later admitted he never worked for the company, arguing the source seemed credible at the time.

Robbins Geller sought to defend its reputation in the wake of the confidential witness scandal while avoiding a potentially embarrassing sanctions order. The securities fraud suit was dismissed in 2011 based on flaws in...
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.