fbpx
News
June 8, 2018

Arkansas Teacher Retirement System Now Wants to Stay in Controversial Securities Lawsuit

Shortly after the Arkansas Teacher Retirement System’s (ATRS) Board of Trustees recommended its executive director withdraw as lead plaintiff in a scandal-ridden securities lawsuit, he told a Massachusetts federal judge that ATRS will stay on, Arkansas Times reports.

In a statement filed with the court, ATRS Executive Director George Hopkins said he wants to stay in the case despite the “imperfection” in the case. The retirement system is the lead plaintiff in a $300 million securities lawsuit against State Street Corp., which has been embroiled in an attorneys’ fee scandal. The judge in the class questioned ATRS’ relationship with one of the plaintiffs’ firms accused of overbilling for work, and also recommended ATRS withdraw from the case.

Podcasts Episode 18: Why Federal Securities Suits Don’t Belong in State Court Securities Litigation Reform Stock data News D&O Diary Looks At 2021 Litigation Trends Securities Litigation Reform News D&O Diary Blog Calls For Congress To Take Up Securities Reforms Proposed In New ILR Briefly Securities Litigation Reform Blog D&O Diary: "Institute for Legal Reform: Congress Should Enact Reforms to Address Cyan" Securities Litigation Reform News In The News-August 16, 2021 Securities Litigation Reform

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Review Settings