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S KOREAN CONGLOMERATES PETITION FOR REVISION OF CLASS ACTION LAW.
SEOUL, Dec 1 Asia Pulse - Lobbyists for South Korea's family-owned conglomerates, or chaebol, submitted a petition to the National Assembly Wednesday to revise a securities class action law that will take effect next year.
The law would allow shareholders to pursue class action suits against businesses with more than 2 trillion won (US$1.91 billion) in assets for accounting irregularities. Companies with less than 2 trillion won will be subject to the law from 2007.
The Federation of Korean Industries and the Korea Chamber of Commerce & Industry said in the petition that false accounting discovered before the law's proclamation should be exempted from class action lawsuits.
"The law should specify in supplementary provisions that accounting fraud before Jan. 20, ...
- Strafford Publications, Inc. Launches Class Action Law Montior.
- Press release article from: Business Wire August 21, 2001 700+ words
...announced today the launch of Class Action Law Monitor, a comprehensive twice...on the latest developments in class action law and litigation. Strafford is...briefings on the latest litigation, Class Action Law Monitor reports significant...
- Corporate Greed Leads to Cash Flow Crunch for Class Action Law Firms.
- Press release article from: PR Newswire April 2, 2003 700+ words
...firm revenues. As a result, class action law firms are experiencing a major...encourage increased press scrutiny of class action law firms. The paper predicts that traditional class action firms will have to limit their...
- The anti-constitutional culture of class action law: an expected Supreme Court...
- Magazine article from: Regulation Moller, Mark June 22, 2007 700+ words
The culture of class action law discourages constitutional scrutiny of class action litigation. But that culture is fraying. The...v. Wal-Mart, a mammoth sex discrimination class action. In 2000, Betty Dukes sued Wal-Mart under...
- Class Action Law Monitor.
- Magazine article from: Legal Information Alert Kelly, Kathleen October 1, 2001 700+ words
Class Action Law Monitor. 2001. Strafford Publications...are welcome. The latest addition is Class Action Law Monitor from Strafford Publications...Strafford publication wants to fit. Class Action Law Monitor is published twice monthly...
- LawFuel.com, a law news service that provides news release services to law...
- Newspaper article from: Legal Publisher June 1, 2006 700+ words
...release services to law firms and others throughout the world, has launched a blog about class action law suits. Most of the blogs are announcements of class action lawsuit filings in the U.S. and overseas, including law suits in aviation, the...
- Strafford Publications has launched Class Action Law Monitor.(Brief Article)
- Newspaper article from: Business Publisher July 31, 2001 700+ words
...Strafford Publications (Atlanta, GA) has launched Class Action Law Monitor, a twice-monthly briefing on the latest developments in class action law. The newsletter is targeted to both plaintiff and...
- First Horizon Announces Dismissal of Class Action Law Suit.
- Press release article from: Business Wire October 4, 2004 700+ words
...dismissed, without prejudice, the class action law suit filed by certain of the...current officers. The dismissed class action law suit alleged in general terms...activities. Although the class action law suit was dismissed, the Court...
- Conglomerates Petition for Revision of Class Action Law.
- News wire article from: Asia Africa Intelligence Wire December 1, 2004 700+ words
...Wednesday to revise a securities class action law that will take effect next year...allow shareholders to pursue class action suits against businesses with...proclamation should be exempted from class action lawsuits. ""The law should...
- Strafford Starts "Class Action Law Monitor" Newsletter.(Strafford...
- Newspaper article from: Business Publisher November 17, 2001 700+ words
...Publications (Atlanta, GA) has begun the publication of Class Action Law Monitor, a newsletter that is designed to carry information on the latest developments in class action law. An annual subscription to the letter, to be published...
- FTC urges closer eye on class action law suits that follow government...
- Newspaper article from: FTC: Watch February 25, 2002 700+ words
...strengthened further by requiring class action parties to: (a) notify the...investigations of the related private class action. And how about amending the Committee...Rule 23 to advise courts hearing class action law suits to: (a) consider any...
Source: HighBeam Research, S KOREAN CONGLOMERATES PETITION FOR REVISION OF CLASS ACTION LAW.