Andrews Corporate Officers and Directors Liability Litigation Reporter
March 6, 2000
Securities Fraud/Lead Plaintiff
Copyright (c) 2000 Andrews Publications
APPEAL OF LEAD PLAINTIFF APPOINTMENT DENIED FOR LACK OF JURISDICTION
Florida State Bd. of Admin. v. Brick
The Sixth Circuit has dismissed the Florida State Board of Administration's (FSBA) appeal of the district court's appointment of other shareholders as lead plaintiff in the securities class action against Texlon Corp. The circuit court concluded it...