BEHIND THE NEWS: Investors face long odds in latest Conseco class action

Class-action attorneys hit the jackpot three years ago when Conseco Inc. agreed to settle securitiesfraud litigation for $120 million. At the time, it was the 10thbiggest settlement for a case of its kind. This time around, attorneys, and the investors they represent, appear likely to go home empty-handed. Indianapolis federal Judge David Hamilton in July quietly dismissed a securitiesfraud case filed three years ago on behalf of investors who held Conseco stock between April 2001 and August 2002, a span...

 

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