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Class OK'd In Advo Securities Fight

Law360 (March 31, 2009, 12:00 AM EDT) -- A judge has certified a class action alleging that direct-mail marketing product company Advo Inc. and some of its directors and officers issued false and misleading information in violation of federal securities law.

In a ruling Friday, Judge Alfred V. Covello of the U.S. District Court for the District of Connecticut said that all of the proposed class members suffered damages as a result of purchasing Advo stock after relying on the allegedly false statements.

The class includes all who bought or otherwise acquired stock in...
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