In Re Security Capital Assurance, Ltd. Securities Litigation
District Court, S.D. New York
1Opinion of the Court
MEMORANDUM & ORDER
DEBORAH A. BATTS, District Judge.
Lead Plaintiff Employees’ Retirement System of the State of Rhode Island (“ERSRI”) and Plaintiff New York Hotel Trades Council and Hotel Association of New York City, Inc. Pension Fund (“NYHTC”) bring this putative securities fraud class action against Defendants XL Capital Ltd. (“XL Capital”) and XL Insurance (Bermuda) Ltd. (“XL Insurance”) (collectively, the “XL Defendants”), Security Capital Assurance, Ltd. (“SCA”), four of SCA’s officers, Paul S. Giordano (“Giordano”), David P. Shea (“Shea”), Edward B. Hubbard (“Hubbard”), and Richard…
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