11. He offers a disarmingly simple proposal that would eliminate institutional investors -- mutual funds, pension funds and the like -- from any class action fraud suit. 12. In a pending fraud suit, Washington Group charges that Raytheon hid cost overruns in more than a dozen construction projects. 13. In an otherwise prosaic case he struck down an act of Congress governing the length of time available to file stock fraud suits. 14. In the meantime, securities lawyers began filing class-action fraud suits in state courts, where the new federal rules did not apply. 15. Leggette represents Phillips Petroleum Corp., Comoco Inc., Shell Oil Co. and other defendants in the fraud suits brought by POGO. 16. Shull is defending Symington against a fraud suit filed last year by the pension funds in U.S. Bankruptcy Court. 17. Steven Hoffenberg, the New York financier, agreed to settle the two most significant civil fraud suits against him. 18. Symington already has been hit by a fraud suit filed by a creditor and former business partner, Jerome Hirsch. 19. The Boise, Idaho, company also plans to proceed with a civil fraud suit that alleges Raytheon hid the construction project cost overruns prior to the sale. 20. The measure would require plaintiffs in fraud suits to prove that the accused misled or gave fraudulent advice. |
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