A federal appeals court has rejected a securities fraud lawsuit against the St. Joe Co., a massive North Florida landowner and developer that saw the value of its holdings shrink during the real-estate crash.
February 27, 2013 at 12:00 AM
1 minute read
A federal appeals court has rejected a securities fraud lawsuit against the St. Joe Co., a massive North Florida landowner and developer that saw the value of its holdings shrink during the real-estate crash.
The 11th U.S. Circuit Court of Appeals agreed Monday with a lower court that the lawsuit, filed by investors, should be dismissed.
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