"As important as recovery of our losses, we have taken up this case to underline our views on good corporate governance. This outcome should serve as a reminder that material information should be shared with the market as soon as it becomes available," stated Henk Brouwer, chairman of ABP. "Nonetheless, the $215 million represents a significant class recovery - one of the largest achieved in a case alleging fraud without a government finding of wrongdoing against the company."ABP was represented by U.S. securities and corporate governance law firm Grant & Eisenhofer P.A., which has successfully represented the fund in numerous other shareholder cases.
Pension Fund ABP Settles With Merck In Securities Class Action
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