Plaintiffs may get a second chance to go after MF Global Ltd. and other defendants for the drop in the firm’s stock price following revelations one of its traders lost $141.5 million in a single morning on wheat futures.
In its latest discussion of the “bespeaks-caution” rule, the 2nd U.S. Circuit Court of Appeals vacated a lower court judge’s dismissal of a claim that MF Global’s prospectus for its 2007 public offering failed to disclose weaknesses in its risk management system.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Not a Bloomberg Law Subscriber?
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]