Investor Charges Reuters With Fraud, Negligence In Promoting Dealing 2000-2
THIS WEEK'S LEAD STORIES
A class action complaint filed Jan. 16 in U.S. district court accuses Reuters Holdings PLC and several of its officers and employees of securities fraud and negligent misrepresentation under provisions of the Securities Exchange Act of 1934. It also accuses Reuters of common-law fraud and demands a jury trial.
According to the complaint, Reuters misled investors about its ability to maintain double-digit revenue growth by misrepresenting the revenue contribution from Dealing 2000-2, an automated
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