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Tag Archives: Securities Fraud

Post-Discovery Complaint Amendment Allowed (access required)

In an investor’s suit alleging defendant technology company and its founder committed securities fraud, an Alexandria U.S. District Court overrules defendants’ objections and accepts the magistrate judge’s recommendation to allow plaintiff to file a second amended complaint and motion to ...

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Investor States ‘Loss Causation’ for Fraud Claim (access required)

In an amended complaint alleging defendants, a technology company and its founder, chair and CEO, committed securities fraud by selling plaintiff investor a series of notes as investments to allow defendant company to bring to the U.S. technology the individual ...

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IT Contract, Audit Statements Support Fraud Claims (access required)

A Richmond U.S. District Court says a putative class of investors may sue a public IT company on securities fraud claims alleging company executives made misleading statements of material fact about the company’s ability to fulfill a multi-billion dollar contract ...

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No Veil-Piercing for Stock Trading Fraud (access required)

In the Securities and Exchange Commission’s complaint that defendants’ “Teach Me to Trade” training programs carried out a scheme to dupe inexperienced investors into buying seminar packages and trading stocks, the Alexandria U.S. District Court dismisses the SEC’s claim for ...

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