Securities Fraud Class Action
City of Dearborn Heights Act 345 Police & Fire Retirement Sys. v. Inter-Local Pension Fund GCC/IBT, 10-1514, concerned plaintiffs' securities fraud class action under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Securities Exchange Commission Rule 10b-5, claiming that defendants intentionally or recklessly failed to disclose a March 2007 change in Japanese regulations that predictably reduced demand for defendants' products and services in Japan.
City of Dearborn Heights Act 345 Police & Fire Retirement Sys. v. Inter-Local Pension Fund GCC/IBT, 10-1514, concerned plaintiffs' securities fraud class action under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Securities Exchange Commission Rule 10b-5, claiming that defendants intentionally or recklessly failed to disclose a March 2007 change in Japanese regulations that predictably reduced demand for defendants' products and services in Japan.






