|  | | 2006 News and Press Releases | | |
SETTLEMENT NEWS:
Verdicts And Settlements; Voir Dire
Staff Writer
National Law Journal. March 27, 2006
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EXCERPT: SHAREHOLDER SUIT – Stock boost class actions settle for $42 million
Louisville, KY. (AP)--A Kentucky federal judge has approved two class action settlements totaling $42 million against Fruit of the Loom Inc. The settlements stem from a pair of long-running lawsuits accusing the company's former top officeholders of lying to analysts to boost the Bowling Green, Ky.-based Fruit of the Loom's stock, causing purchases to be made at inflated prices. The suits were filed by people who bought stock in the company in the mid-1990s. |
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