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Satyam Securities Cases Consolidated

Law360 (March 13, 2009, 12:00 AM EDT) -- A federal judge has consolidated numerous securities lawsuits against Indian outsourcing company Satyam Computer Services Ltd. and appointed a group of investors as lead plaintiff.

Judge Barbara S. Jones of the U.S. District Court for the Southern District of New York on Friday joined together around a dozen cases accusing Satyam and its top executives of violating federal securities laws by issuing false and misleading financial statements.

Seven investors calling themselves the Satyam Investor Group were appointed lead plaintiffs, and their law firms, Glancy Binkow &...
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