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fishman444

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fishman444

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Thursday, 06/21/2007 1:55:49 PM

Thursday, June 21, 2007 1:55:49 PM

Post# of 82841
http://www.nytimes.com/aponline/business/ap-scotus.html?_r=1&hp&oref=slogin

Justices Tighten Rules on Shareholder Suits

By THE ASSOCIATED PRESS
Published: June 21, 2007
WASHINGTON (AP) -- Investors lost another round at the Supreme Court Thursday when the justices imposed a strict standard for shareholder lawsuits seeking to recover losses from companies accused of fraudulent business practices.

The 8-1 opinion written by Justice Ruth Bader Ginsburg will make it harder for groups of investors to file lawsuits alleging they lost money because company officials violated federal securities laws.

.........
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