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A relatively minor discrepancy between an initial public offering's printed and electronic prospectuses does not mean the securities fail to meet registration requirements, the 2nd U.S. Circuit Court of Appeals has ruled. The court also found that investors can have standing to sue for false and misleading statements under § 11 of the Securities Act of 1933 even though they did not purchase shares at the IPO.
February 06, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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