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.


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

Written by:

more+
less-

Simon Johnson on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×