Date: March 16, 2005
Source: News Room
Grant & Eisenhofer, P.A. (www.gelaw.com) has filed a securities fraud class action lawsuit in South Carolina District Court on behalf of a series of funds managed by Oaktree Capital Management (www.oaktreecapital.com). The bonds were issued by Laidlaw Environmental Services, Inc., the predecessor of Safety-Kleen Corp. (www.safety-kleen.com). The complaint charges that Safety-Kleen's announcement in March 2000 of accounting irregularities in its financial reports resulted in a dramatic loss of value for the bonds.
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