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U.S. Court of Appeals for the 9th Circuit

Feb. 13, 2009

9th Circuit Revives Doctors' Suit Against Investment Bank

A federal appellate panel helped a group of Southern California doctors through a loophole in the securities litigation rules Monday, reviving their lawsuit against an investment bank that allegedly gave them bad advice.

By John Roemer
Daily Journal Staff Writer

SAN FRANCISCO - A federal appellate panel helped a group of Southern California doctors through a loophole in the securities litigation rules Monday, reviving their lawsuit against an investment bank that allegedly gave them bad advice.

The 9th U.S. Circuit Court of Appeals' ruling is the first published opinion on the so-called "Delaware carve-out" exception to the 1998 Securities Litigation Uniform Stand...

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