2nd Circuit Panel Affirms Dismissal In Securities Class Action

Mealey's (August 26, 2015, 3:23 PM EDT) -- NEW YORK — A federal district court did not err in dismissing a securities class action complaint because it properly determined that the claims failed under the Second Circuit U.S. Court of Appeals’ three-part test for determining forum non conveniens, a Second Circuit panel ruled Aug. 25 (Rentokil-Initial Pension Scheme v. Citigroup Inc., et al., Nos. 14-2545 and 14-2719, 2nd Cir.; 2015 U.S. App. LEXIS 14925).

(Summary order available. Document #57-150921-008R.)

Shareholder Rentokil-Initial Pension Scheme filed a first amended complaint in the U.S. District Court for...
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