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Class Action Dismissed: Company's Print Prospectus Trumps E-Version
A securities class action stemming from the 1999 IPO of online financial information provider ILife.com has been dismissed by a New York federal judge. Stockholders argued that a discrepancy between the printed and electronic versions of the IPO prospectus rendered the offering defective, but the judge, citing SEC rules, found that the printed prospectus takes precedence in this situation.
March 29, 2001 at 12:00 AM
1 minute read
By Bruce Balestier |
Updated on March 29, 2001
The original version of this story was published on Law.Com
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