A class action suit against Dreyfus Corporation of New York will go forward in U.S. District Court in New York. The court dismissed five of eight claims against Dreyfus on Jan. 5. But, the judge allowed three claims to go forward. The remaining claims allege portfolio manager misconduct.
The case will now move into pre-trial fact finding, said Jeffrey L. Kodroff, an attorney with Spector, Roseman & Kodroff of Philadelphia, one of three firms representing the plaintiff. The others are Shalov Stoen & Bonner, and Stull, Stull & Brody, both of New York.