Supreme Court rules against Investors on Fraud
Submitted by Robert Oak on Tue, 01/15/2008 - 09:14
The Supreme Court on Tuesday ruled against investors seeking to sue businesses for scheming to manipulate stock prices of publicly traded companies.
In a 5-3 ruling, the court gave a measure of protection from securities suits to suppliers, banks, accountants and law firms that do business with corporations engaging in securities fraud.
- 1100 reads
