Securities Class Action Lawsuit Filed Against Downey Financial

2008-05-20 — cnn.com

On May 16, 2008, a class action lawsuit was filed in the United States District Court for the Central District of California against Downey Financial Corp. (NYSE: DSL). The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material misrepresentations to the market which had the effect of artificially inflating the

original article | permalink to this page | forum thread

---

Comments: Be the first to add a comment

add a comment | go to forum thread

Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.