In re Safety-Kleen Securities Corporation Bondholders Litigation
Grant & Eisenhofer represented numerous public and private funds in the District of South Carolina, in a seven week trial that was only the fifth securities case to go to trial since the passage of the PSLRA.
Del.-Based Firm Secures Safety-Kleen Judgment and Settlement
Delaware Law Weekly - May 4, 2005 - A group of institutional investors who claimed that they spent about $550 million on bonds that never should have been offered have obtained a $200 million judgment against the bond issuer's former CEO and CFO. [Full Text]
2 in Fraud Case Are Ordered to Pay $200 Million
New York Times - April 26, 2005 - A federal judge has found two former executives of the Safety-Kleen Corporation liable for $200 million for their role in an accounting fraud at the company... [Full Text]
$284 Million Ends Safety-Kleen Lawsuit
CFO.com - April 27, 2005 - Last year, the SEC found that the company's former CEO and CFO had engaged in fraud; this year, they're on the hook for $200 million. [Full Text]
Safety-Kleen Lawsuit Ends with $284 Million in Judgment, Settlements
Associated Press - April 26, 2005 - A lawsuit investors brought against the nation's largest hazardous waste operator has ended with a court-ordered $200 million judgment against former officers and $84 million in settlements with Safety-Kleen Corp.'s former auditor and directors. [Full Text]
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