Israel David
April 25, 2005 | New York Law Journal
The Confidential Source in Securities Fraud LawsuitsSeemingly every securities fraud lawsuit has one these days � a "confidential source" who supposedly can corroborate the key allegations in the complaint, and who claims that senior management knew of impending bad news long before it was announced to the public. In keeping with the PSLRA, courts are getting stricter with complaints that rely on these anonymous individuals.
By Barry G. Sher and Israel David
13 minute read
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