Levi Strauss Inches Towards Securities Settlement

Law360, New York (July 17, 2008, 12:00 AM EDT) -- A putative securities class action against denim manufacturer Levi Strauss & Co. moved closer to resolution Wednesday when the plaintiffs asked a federal judge to approve a preliminary settlement between the parties.

The putative class, comprised of the police and fire retirement systems of Detroit and others, filed a stipulation with a proposed order in the U.S. District Court for the Northern District of California, seeking preliminary approval of the settlement with the defendants, conditional class certification, class notice guidelines and a date for a hearing...
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