Shareholders Value Serco Stock Losses At More Than £128M

Law360, London (February 4, 2021, 6:33 PM GMT) -- Serco shareholders put a £128 million ($172 million) price tag on their lawsuit against the security outsourcing giant over its stock loss following revelations about fraud and false accounting in its electronic tagging services for the government.

In a newly public Jan. 28 filing with the High Court, the shareholder group tabulated the damages they're seeking against Serco Group PLC after its stock slumped in 2013 amid a profits scandal.

Shares had traded around 500 pence in the summer of 2013, but sunk as low as 339 pence after it emerged that a subsidiary, Serco Geografix Ltd, misled the Ministry of Justice...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!