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    Articles Bermuda Fraud Insurance Investment Listed Securities USAAugust 8, 2006

    Class action lawsuit filed against Scottish Re after share price plummets

    mm
    By
    18 years ago

    Topics

    Bermuda Fraud Insurance Investment Listed Securities
    USA
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    Keywords

    Bermuda Insurance Market Charles Wyly Dean Miller Glenn Schafer Sam Wyly
    Scott Willkomm Scottish Re Seth Vance
    [ 3 more... ] [ top 5 ]

    A class action lawsuit alleging securities violations has been filed in the United States against Bermuda-based life annuity reinsurer Scottish Re Group Ltd.It was brought at the U. S. District Court for the Southern District of New York on August 2, 2006 – just two days after Scottish Re’s share price fell by 75% from $16 to $3.99 on the New York Stock Exchange in one trading day.