US - The $1.2bn City of Miami Firefighters' and Police Officers' Retirement Trust Fund (F&P) sought appointment on September 7, 2001 as lead plaintiff in a securities class action filed in the Pennsylvania federal court against Marconi plc, the beleaguered British telecommunications equipment company.
The class action seeks to recover damages from Marconi and Lord Simpson, chief executive, on behalf of purchasers of the company’s stock in 2001. Marconi, and its officers, allegedly lied to the ma...
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