As with almost all business-related cases that go before the U.S. Supreme Court these days, the outcome of the securities fraud case Credit Suisse v. Simmonds will be scrutinized for where it ends up on the pro- or anti-business spectrum. Based on oral arguments Tuesday, the Court seemed headed toward the middle, giving both shareholder plaintiffs and the corporate and investment bank defendants something to like.
December 01, 2011 at 12:00 AM
1 minute read
WASHINGTON – As with almost all business-related cases that go before the U.S. Supreme Court these days, the outcome of the securities fraud case Credit Suisse v. Simmonds, 10-1261, will be scrutinized for where it ends up on the pro- or anti-business spectrum.
Based on oral arguments Tuesday (See Transcript), the Court seemed headed toward the middle, giving both shareholder plaintiffs and the corporate and investment bank defendants something to like.
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