IMAX Faces New Courtroom Drama

Law360, New York (August 14, 2006, 12:00 AM EDT) -- Two days after revealing that it was under investigation by the U.S. Securities & Exchange Commission, IMAX Corp. has been hit with a securities class action lawsuit accusing the movie pioneer of fraud.

The suit was filed on Friday in the U.S. District Court for the Southern District of New York against IMAX and its top executives, the plaintiffs citing violations of the Securities and Exchange Act of 1934.

The class, which is comprised of individuals who purchased IMAX common stock and other securities from February...
To view the full article, register now.

Related

Sections

Case Information

Case Title

In re IMAX Corporation Securities Litigation


Case Number

1:06-cv-06128

Court

New York Southern

Nature of Suit

Other Statutory Actions

Judge

Naomi Reice Buchwald

Date Filed

August 11, 2006

Law Firms

Companies

Government Agencies

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.