Judge Appoints Investor As Lead Plaintiff In Securities Class Action Suit
(May 6, 2016, 10:56 AM EDT) -- NEW YORK — A federal judge in New York on April 27 granted a shareholder’s motion to consolidate two similar securities class action lawsuits, ruling that the shareholder holds the largest financial interest in the litigation and has met all statutory requirements to serve as lead plaintiff (Charles Kux-Kardos v. Vimpelcom Ltd., et al., No. 15-8672; Westway Alliance Corp. v. Vimpelcom Ltd., et al., No. 15-9492, S.D. N.Y.; 2016 U.S. Dist. LEXIS 56399).
(Opinion available. Document #57-160516-020Z.)
Shareholders Charles Kux-Kardos and Westway Alliance Corp. filed separate...