Coughlin Stoia Geller Rudman & Robbins LLP (�Coughlin Stoia�) (http://www.csgrr.com/cases/socgen/) today announced that a class action has been commenced on behalf of an institutional investor in the United States District Court for the Southern District of New York on behalf of all purchasers of the American Depositary Receipts (�ADRs�) and all U.S. residents and citizens who purchased the stock of Soci�t� G�n�rale Group (�SocGen�) (OTC:SCGLY) (EPA:GLE) during the period between August 1, 2005 and January 23, 2008 (the �Class Period�). If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from March 12, 2008. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff�s counsel, Darren Robbins of Coughlin Stoia at 800/449-4900 or 619/231-1058, or via e-mail at djr@csgrr.com. If you are a member of this class, you can view a copy of the complaint as filed or join this class action online at http://www.csgrr.com/cases/socgen/. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. The complaint charges SocGen and certain of its officers and directors with violations of the Securities Exchange Act of 1934. SocGen is one of the largest French banking groups, operating in network banking, retail banking, finance and investment banking and asset management services worldwide. The complaint alleges that during the Class Period, defendants made gross misrepresentations about the value of SocGen�s securities and the quality of its internal controls and risk management. Defendants� misrepresentations began to be disclosed on January 24, 2008, when SocGen issued a public statement claiming that a trader named Jer�me Kerviel (�Kerviel�) had single-handedly risked tens of billions of euros on behalf of the Company, causing a loss of almost $7.5 billion, and that the Company�s publicly reported financial results failed to disclose billions in losses related to subprime real estate in the U.S. SocGen�s stock price dropped over $3.00 per share in one day when SocGen�s trading and subprime losses were disclosed on January 24, 2008. Thereafter, it came to light that Robert A. Day, a SocGen board member and founder of Trust Company of the West, in which SocGen owns a major stake, had secretly disposed of $206 million of SocGen stock owned and/or controlled by him before SocGen�s balance sheet manipulations were publicly revealed and long after SocGen�s executives were advised of the Kerviel trades and perjuries. Plaintiff seeks to recover damages on behalf of all purchasers of the ADRs and all U.S. residents and citizens who purchased the stock of SocGen during the Class Period (the �Class�). The plaintiff is represented by Coughlin Stoia, which has expertise in prosecuting investor class actions and extensive experience in actions involving financial fraud. Coughlin Stoia, a 190-lawyer firm with offices in San Diego, San Francisco, Los Angeles, New York, Boca Raton, Washington, D.C., Philadelphia and Atlanta, is active in major litigations pending in federal and state courts throughout the United States and has taken a leading role in many important actions on behalf of defrauded investors, consumers, and companies, as well as victims of human rights violations. The Coughlin Stoia Web site (http://www.csgrr.com) has more information about the firm.
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