REN RE SHAREHOLDER CLASS SETTLEMENT RECEIVES FINAL APPROVAL
Ren Re's finite reinsurance legal actions appear finally to be over. In an October 23, 2007 post, we reported on the preliminary approval of a class settlement with Ren Re's shareholders, coming after Ren Re's settlement with the SEC. The shareholder settlement has been given final approval by the Court, which entered a Final Approval Order (1/18/08), an Order awarding attorneys' fees and expenses (1/30/08) and a Final Judgment (1/30/08). In re Renaissancere Holdings Ltd. Securities Litigation, Case No. 05-6764 (USDC S.D. N.Y.).
This post written by Rollie Goss.
