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Sasol Investors’ Securities Suit Gets Lead Plaintiff, Counsel

May 5, 2020, 8:55 PM

Sasol Ltd. investors who accuse the company of misleading them about the mismanagement of a chemical project secured a lead plaintiff for their New York federal district court suit.

David Cohn, an investor who allegedly lost more than $71,700 when the truth about the South African chemical and energy company’s project came out, will lead the proposed class, Judge Jed S. Rakoff of the U.S. District Court for the Southern District of New York said Monday.

Cohn has the largest financial interest in the relief the class seeks, Rakoff’s order said. The other movant, Saratoga Advantage Trust Energy & Basic ...