Financial Times FT.com

More foreign companies in class-action suits

By Joanna Chung in New York

Published: July 20 2009 02:57 | Last updated: July 20 2009 02:57

Foreign companies are increasingly targets of US federal securities class-action lawsuits, according to a new report that highlights how the financial crisis and global scandals are shaping litigation activity.

India’s Satyam Computer Services, Spain’s Santander bank, Switzerland’s UBS, Deutsche Bank and Antigua’s Stanford International Bank are just a few of the companies named in class action suits in recent months.

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