Fraud Created the Market Theory in Securities Fraud Litigation

more+
less-

A fairly new legal theory called "fraud created the market" has not been accepted by the Third Circuit. This theory attempts to get a presumption that the plaintiff reasonably relied by show that the securities at issue were entirely worthless or unmarketable. While the Third and Seventh Circuits don't validate this theory, the Fifth Circuit does. This makes the issue ripe for the U.S. Supreme Court.

LOADING PDF: If there are any problems, click here to download the file.

Published In: Civil Remedies Updates, Securities Updates, Consumer Protection Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Simon Johnson | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »