Shareholders Take Shot At IStar

Law360, New York (April 25, 2008, 12:00 AM EDT) -- An iStar Financial Inc. shareholder has filed a proposed class action against the real estate financing company, alleging that neither iStar nor its officers and directors were forthcoming with the public during the company's second public offering.

The suit, which Dennis Christenson filed Thursday in the U.S. District Court for the Southern District of New York, alleges that the company, Chief Executive Officer and board Chairman Jay Sugarman, President Jay S. Nydick and Chief Financial Officer Catherine D. Rice violated securities laws by not telling investors...
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.