We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Class Fails Certification In ATM-Investor Action

Law360 (October 30, 2008, 12:00 AM EDT) -- A purported securities class action on behalf of investors who allegedly lost millions of dollars in an ATM terminal-investment scheme has failed to pass muster with a federal judge in Florida.

Judge Gregory A. Presnell issued an order Tuesday in the U.S. District Court for the Middle District of Florida denying class certification to the plaintiffs and dismissing a third amended complaint on the grounds that it did not conform with the requirements of the Private Securities and Litigation Reform Act.

“While the plaintiffs’ designated lead...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.