Verdicts
Jan. 17, 2008
High Court Rules Against Investors
WASHINGTON - The business community won a big legal victory over investors Tuesday when the U.S. Supreme Court ruled that shareholders cannot sue third parties who assist a corporation in committing securities fraud unless they can show they relied on the deceptive third-party conduct when they decided to buy or sell stock.
Daily Journal Staff Writer
This article appears on Page 1.
WASHINGTON - The business community won a big legal victory over investors Tuesday when the U.S. Supreme Court ruled that shareholders cannot sue third parties who assist a corporation in committing securities fraud unless they can show they relied on the deceptive third-party conduct when they decided to buy or sell stock.
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