Focus (Forum & Focus)
Aug. 28, 2008
False Starts
Class actions have now been filed against many financial institutions, as well as their directors and officers, by disgruntled investors who suffered losses based on falling stock prices and the deteriorating value of the companies, writes Keith A. Meyer. - Focus Column
By Keith A. Meyer
This article appears on Page 5
The fallout from the subprime crisis is under way. Banks, brokerage firms and other financial institutions have taken massive write-offs against earnings. Several major companies have either been bailed out by last-minute mergers with stronger companies (Bear Stearns, Countrywide) or been taken over by the government (IndyMac). Class actions have now ...
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