Coughlin Stoia to bring class action lawsuit against Société Générale
Coughlin Stoia Geller Rudman & Robbins is one one of many US law firms vying to represent disgruntled investors in the French bank Société Générale. The law firm hopes that a U.S. District Court in Manhattan will decide to certify that French shareholders of Société Générale are part of the class alongside their American counterparts.
The bank's stock plunged in January after it fell victim to the biggest trading scandal in history and revealed greater than expected exposure to subprime U.S. mortgages.
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