The Court of Federal Appeals (Lewis F. Powell Courthouse) and the skyline of Richmond, Virginia, in the early morning from the foot of the Virginia Capitol grounds, in Richmond, Virginia. Credit: Acroterion via Wikimedia Commons Fourth Circuit Rejects Shareholders' Security Fraud Claims Based on Optimistic Projections for Merged Company
Fourth Circuit decision reinforces that securities fraud liability "cannot be 'predicated solely on an overly optimistic view of a future which may, in fact, encounter harsh economic realities down the road.'"
January 04, 2024 at 12:19 PM
5 minute read
Civil Appeals
A U.S. Court of Appeals for the Fourth Circuit decision reinforces that securities fraud liability "cannot be 'predicated solely on an overly optimistic view of a future which may, in fact, encounter harsh economic realities down the road.'"
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