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- Federal Court Rejects Securities Fraud Claims Based on Understated Loss Reserves
Federal Court Rejects Securities Fraud Claims Based on Understated Loss Reserves
February 3, 2009, Covington E-Alert
You've Got Mail (and the Government Wants It)
September 22, 2010, Covington & Burling Webinar
January 21, 2010, Covington E-Alert
1/29/2009
WASHINGTON, DC, January 29, 2009 — The U.S. District Court for the Southern District of New York has dismissed two securities class actions against Quanta Capital Holdings Ltd. that arose out of the company’s alleged under-estimation of losses from the extraordinary hurricanes of 2005. In two lengthy opinions, Judge Robert P. Patterson, Jr. rejected all claims ...