Securities
Jun. 3, 2003
Shareholders Who Keep Stock Have State Remedy
Focus Column - Securities Law - By Thomas C. Klein - Enron, Global Crossing and many other companies are embroiled in securities-fraud lawsuits in state and federal court. Except in a few states, remedies for victims of securities fraud have been limited only to those victims who purchased or sold securities in reliance on material misrepresentations. Those who might have held their stock - forbore from selling in reliance on those misrepresentations - had no remedy.
Focus Column
Securities Law
By Thomas C. Klein
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