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Judge OKs settlement over NovaStar 401(k)
A federal judge gave preliminary approval last week to a $925,000 settlement in a class action lawsuit against Kansas City firm NovaStar Financial. The lawsuit claimed violations of the Employee Retirement Income Security Act and encompasses a class of people who were participants or beneficiaries of NovaStar’s 401(k) plan over an 18-month period in 2006 […]
Judge OKs $925,000 settlement over NovaStar 401(k)
A federal judge this week gave preliminary approval to a $925,000 settlement in a class action lawsuit against Kansas City firm NovaStar Financial. The lawsuit claimed violations of the Employee Retirement Income Security Act and encompasses a class of people who were participants or beneficiaries of NovaStar’s 401(k) plan over an 18-month period in 2006 […]
8th Circuit ends class action against NovaStar Financial
A federal appeals court has ended a class action lawsuit against Kansas City-based NovaStar Financial. The 8th U.S. Circuit Court of Appeals said Tuesday that the lawsuit filed in 2007 wasn’t specific enough to meet the detailed pleading requirements of the Private Securities Litigation Reform Act. The decision affirms Judge Ortrie D. Smith’s dismissal of […]
Court ends class action against NovaStar
A federal appeals court has ended a class action lawsuit against Kansas City-based NovaStar Financial. The 8th U.S. Circuit Court of Appeals said today that the lawsuit filed in 2007 wasn’t specific enough to meet the detailed pleading requirements of the Private Securities Litigation Reform Act. The decision affirms Judge Ortrie D. Smith’s dismissal of […]
Latest Opinion Digests
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