Conseco Common Stock Investors Win Class Status

Law360 (March 20, 2009, 12:00 AM EDT) -- Former officers of Conseco Inc. accused of securities fraud got a jolt Friday as a federal judge granted class certification in the case, opening the door to plaintiffs potentially numbering in the thousands, though the class is limited to purchasers of Conseco’s common stock.

Judge David F. Hamilton of the U.S. District Court for the Southern District of Indiana granted class status to two plaintiffs alleging the four former officers concealed Conseco’s dire condition from investors while the financial services giant was spiraling toward bankruptcy....
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Case Information

Case Title

SCHLEICHER et al v. WENDT et al

Case Number



Indiana Southern

Nature of Suit



Judge Jane Magnus-Stinson

Date Filed

August 27, 2002

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