Securities
Jun. 7, 2008
Securities Claim Was Too Easily Dismissed, 9th Circuit Rules
Plaintiffs trying to sue companies for securities fraud scored a win Thursday at the 9th U.S. Circuit Court of Appeals. Despite the barriers Congress erected when it passed the Private Securities Litigation Reform Act, investors who lost money on Applied Signal Technology Inc. stock can proceed with their putative class action, a unanimous panel ruled.
Daily Journal Staff Writer
This article appears on Page 1
Plaintiffs trying to sue companies for securities fraud scored a win Thursday at the 9th U.S. Circuit Court of Appeals. Despite the barriers Congress erected when it passed the Private Securities Litigation Reform Act, investors who lost money on Applied Signal Technology Inc. stock can proceed with their putative class action, a unanimous...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In