Judge Tosses Claims In Eight Suits In IPO Litigation

Law360, New York (May 15, 2008, 12:00 AM EDT) -- A recent decision in the five-year battle over class certification in the long-running initial public offering securities litigation granted in part and denied in part the defendants' motion to strike certain class allegations in 26 of the cases included in the consolidated suit.

In a ruling handed down on Tuesday, Judge Shira Scheindlin of the U.S. District Court for the Southern District of New York partially granted a motion asking the court to strike certain class allegations on the grounds that the plaintiffs failed to identify...
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