BY KAREN KANE The Supreme Court of the United States affirmed a judgment of the Court of Appeals for the Third Circuit against Merck & Co. by holding that the complaint filed by the investors was not barred by the limitations period but was timely because the investors had not […]
Post Tagged with: "SECURITIES EXCHANGE ACT OF 1934"
THE THIRD CIRCUIT DECLINES TO RECOGNIZE THE FRAUD CREATED THE MARKET THEORY AS A MEANS OF PRESUMING RELIANCE IN CLASS ACTION SECURITIES FRAUD CASES: MALACK V. BDO SEIDMAN, LLP
BY JESSE KRUEGER The United States Court of Appeals for the Third Circuit affirmed denial of class certification to note purchaser on basis that reasonable reliance could not be presumed based on the fraud created the market theory and that the fraud created the market theory does not apply… Continue […]
Injured Investors are Without a Private Right of Action Against Aiders and Abettors of Primary Actors Where the Investors Did Not Rely on the Secondary Actors…
BY DENNIS HOUGH The Supreme Court of the United States affirmed the judgment of the Court of Appeals for the Eighth Circuit by denying an injured investor‘s private right of action against aiders and abettors of the primary actor because the investor did not rely on the secondary actors‘ actions. […]
