Shareholders Say Securities Fraud Class Should Be Certified Based On Precedent

Mealey's (November 3, 2021, 10:27 AM EDT) -- DENVER — On Nov. 1, shareholders in an oilfield services company filed a brief in Colorado federal court seeking class certification of their securities fraud lawsuit, arguing that the U.S. Supreme Court has “repeatedly stressed” the importance of class actions in redressing wrongs committed under federal securities laws....