A securities class action that was rare two years ago for being tried to verdict may be headed back to district court, with the defense’s win in jeopardy.

On Monday, the 9th U.S. Circuit Court of Appeals ruled that a Canadian direct marketing company had misrepresented merger details in public filings with the Securities and Exchange Commission, and that those misrepresentations were material to shareholders.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

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]