Judge: Investors Fail To Meet Adequacy Requirement As Class Representatives
Mealey's (March 17, 2016, 12:10 PM EDT) -- KANSAS CITY, Kan. — A federal judge in Kansas on March 14 denied a motion to certify a class of investors in a securities class action lawsuit, ruling that investors failed to show, as statutorily required, that they or their choice of lead counsel would adequately represent the proposed class (Stan Better, et al. v. YRC Worldwide Inc., et al., No. 11-2072, D. Kan.; 2016 U.S. Dist. LEXIS 32664).
(Memorandum available. Document #57-160321-101Z.)
Investors Stan Better YRC Investors Group filed an amended complaint in the U.S....