X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Scott Graham writes for The Recorder, an American Lawyer affiliate.

A company director who pledged all his stock to a merger can sue over allegedly false statements in the merger registration statement — even if he made the pledge long before the registration statement was drafted.

Reading Section 11 of the Securities Act of 1933 broadly, the U.S. Court of Appeals for the Ninth Circuit ruled Monday that David Hildes, a director of Harbinger Corp., can proceed with his suit against former directors and auditors of Peregrine Systems Inc.

This premium content is locked for
Litigation Daily subscribers only.

  • Subscribe now to enjoy unlimited access to Litigation Daily content,
  • 5 free articles* across the ALM Network every 30 days,
  • Exclusive access to other free ALM publications
  • And exclusive discounts on ALM events and publications.

*May exclude premium content
Already have an account?
Interested in customizing your subscription with Law.com All Access?
Contact our Sales Professionals at 1-855-808-4530 or send an email to groupsales@alm.com to learn more.

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2017 ALM Media Properties, LLC. All Rights Reserved.