In A Securities Fraud Action, The Date Of Filing May Determine Whether You Win Or Lose (And I’m Not Referring To The Statute Of Limitations)

Yesterday, I discussed one-half of the battle in Zalkind v. Ceradyne, Inc. Today, I address the securities law issues raised by Ceradyne’s cross-complaint.

To recap, the Zalkinds (Stanley, Elizabeth and a limited partnership that they owned) sold assets to Ceradyne for stock and cash. The Zalkinds’ suit against Ceradyne for failure to timely register the stock was the subject of yesterday’s post. Today’s post is dedicated to Ceradyne’s cross-complaint for securities fraud under Corporations Code § 25401.

Please see full article below for more information.

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Published In: Business Organization Updates, Business Torts Updates, Civil Procedure Updates, Civil Remedies Updates, Securities 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.

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