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General Cable reports consolidation of shareholder lawsuits in FCPA-related case

( February 28, 2018, 22:53 GMT | Official Statement) -- MLex Summary: General Cable, a Kentucky wire and cable manufacturer, said that a recently named lead plaintiff, the Long Trust Group, in a shareholder lawsuit related to a Foreign Corrupt Practices Act investigation has filed an amended consolidated lawsuit. General Cable in December 2016 settled allegations with the US Securities and Exchange Commission and Department of Justice by agreeing to pay about $82 million in fines, disgorgement and interest. The shareholders allege the firm misrepresented information about the FCPA probe.Excerpt:...

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