Estimated reading time: 0 minutes, 36 seconds

Plaintiff Firms Ordered to Detail Political Contributions

Logo da empresa Diamond Foods - This is a logo...

A federal judge last week ordered two law firms that represent the Mississippi Public Employees' Retirement System (MissPERS) in a securities class action lawsuit against Diamond Foods to provide details of their political contributions.

So Reuters reports.

The order follows Diamond Foods’ allegations that the plaintiff’s firms made political contributions to an elected official who, until recently, had sole discretion to pick counsel to represent state agencies in litigation.

Plaintiffs law firms often contribute to the coffers of politicians who are somehow connected to the large institutional shareholders that serve as lead plaintiffs in securities class action lawsuits, but it is unusual for a court to look into “pay to play” allegations.

Read the full article from Reuters here.

Enhanced by Zemanta
Read 4662 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.