STORY FROM: Reinsurance & Arbitration
Foreign Investors Urge N.Y. Judge to Grant Class Certification
April 18, 2008
NEW YORK - Non-U.S. investors who purchased shares of Converium Holding AG on a foreign exchange are urging a New York federal judge to grant them class certification in a suit against French reinsurer SCOR SA. In re Scor Holding (Switzerland) AG, No. 04-7897 (S.D. N.Y.).
On April 7, Judge Denise Cote of the Southern District of New York stayed the case pending reconsideration of her March 6 order. In that order, the judge granted class certification to United States residents who purchased shares on the SWX Swiss Exchange and to any person who purchased American Depository Shares on the ...
Motion for Reconsideration
March 6 Order