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Home / Opinion Digests / Investors did not justifiably rely on errant media statements (access required)

Investors did not justifiably rely on errant media statements (access required)

The fraud claims of Chinese investors who each invested approximately $500,000 in a start-up car company without reading the underlying investment documents were dismissed because the investors could not have justifiably relied on stray misstatements made by the company’s founders in various media outlets. Background Plaintiffs are a group of 27 Chinese citizens who invested in GreenTech ...