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Safety Components International Inc.

Safety Components International Inc. Securities Settlement The class action lawsuit was settled for $10 million in cash. The derivative lawsuit was settled for $26 million in cash and $45 million in non cash benefits to be paid to the new International Textile Group Inc. The following is a summary of the proceedings in this lawsuit: ‘This matter (the Action) is pending before the Court of...

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Why shareholders should participate in class actions

Many times we get the question “Why should we participate in Class Actions?”   Aside from the very obvious, there are many reasons to participate in class action settlements and if you are a money manager, in certain jurisdictions it may even be considered part of your fiduciary duty. Click here to download / view the Liquid Claims white paper “Why shareholders should participate in class...

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