California Courts of Appeal
Nov. 15, 2014
Securities fraud claims lose out in appellate ruling
Online retailer Overstock.com and seven investors were mostly out of luck Thursday as a state appellate panel largely affirmed a San Francisco trial judge's grant of summary judgment on securities fraud claims.
By John Roemer
Daily Journal Staff Writer
Online retailer Overstock.com and seven investors were mostly out of luck Thursday as a state appellate panel largely affirmed a San Francisco trial judge's grant of summary judgment on securities fraud claims in favor of defendants Goldman Sachs & Co. and Merrill Lynch, Pierce Fenner & Smith Inc. Left standing were California securities law claims against a Merrill Lynch entity, where the evidence, "although slight," raised a triabl...
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