Judge: Court Lacks Jurisdiction Over Claims In Securities Suit
(September 20, 2016, 1:30 PM EDT) -- BATON ROUGE, La. — A federal judge in Louisiana dismissed claims against Grant Thornton International Ltd. (GTIL) in a securities lawsuit on Sept. 15, ruling that shareholders failed to show that a federal district court had either general or specific jurisdiction over the claims (Firefighters’ Retirement System, et al. v. Citco Group Limited, et al., No. 13-373, M.D. La.; 2016 U.S. Dist. LEXIS 125991).
(Opinion available. Document #57-161017-001Z.)
Louisiana pension funds Firefighters’ Retirement System, Municipal Employees Retirement System of Louisiana and New Orleans Firefighters’ Pension &...