In re Optimal U.S. Litigation
On May 2, 2011, the United States District Court for the Southern District of New York sustained the claims for fraud under the federal securities laws of the United States on behalf of certain investors in Optimal U.S. The Court found a "strong inference of scienter," or a strong inference of intent to defraud by Optimal Investment Services, S.A. At a hearing on May 10, 2011, the Court explained the reasons for finding such inference of intent to defraud.
