A decision from the Ninth Circuit U.S. Court of Appeals could raise the bar for plaintiffs alleging that corporate executives knowingly misled investors.
July 17, 2014 at 06:17 PM
1 minute read
SAN FRANCISCO — Intuitive Surgical Inc., a manufacturer of surgical robots at the center of a litigation firestorm, has one less lawsuit to worry about.
Intuitive executives did not knowingly mislead investors prior to the 2008 recession and are not liable for securities violations, the Ninth Circuit Court of Appeals ruled Wednesday.
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