Securities Class Actions

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Selis v. KTI Corp

United States District Court for the District of New Jersey

Donovan Searles served as co-lead counsel in this securities class action. Plaintiffs alleged on behalf of purchasers of KTI’s common stock that the defendants had artificially inflated the market price of KTI’s securities by misrepresenting KTI’s financial performance and condition. On March 31, 2003, the federal district court finally approved a $3.8 million settlement for persons who purchased KTI shares between August 15, 1998 and April 14, 1999.

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