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Home / Opinion Digests / Securities – Securities Fraud – Misrepresentations – Family Fight (access required)

Securities – Securities Fraud – Misrepresentations – Family Fight (access required)

A class of investors has failed to state a claim against Cree Inc., a high-tech business in Durham, N.C., for securities fraud under Sect. 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5, based on allegations that Cree made misleading statements about its business transactions with six companies over a four-year-period, discovered when ...