The Hartford Financial Services Group (HIG) Investors File Securities Class Action Lawsuit Against The Hartford Financial Services Group (HIG) Over Alleged Exposure To Losses From Derivative Investments
A securities class action lawsuit was filed against The Hartford Financial Services Group (HIG) in the U.S. District Court for the Southern District of New York on behalf of purchasers of The Hartford Financial Services Group common stock (HIG) during the period between December 10, 2007 and February 5, 2009 (the “Class Period”) for alleged violations of federal securities laws, according to a class action press release.
The Hartford Financial Services Group securities class action complaint reportedly alleges, among other things, that defendants violated the Securities Exchange Act of 1934 by making materially false and misleading representations regarding the The Hartford Financial Services Group’s business and prospects, capital position, investment risk and hedging program.
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