News Focus
News Focus
Followers 149
Posts 15846
Boards Moderated 0
Alias Born 03/01/2005

Re: JohnBoy11 post# 14656

Tuesday, 01/15/2008 11:14:18 AM

Tuesday, January 15, 2008 11:14:18 AM

Post# of 30354
Court Rules Against Investors
Tuesday January 15, 10:09 am ET
Justices Rule Against Investors in Important Securities Fraud Case


WASHINGTON (AP) -- The Supreme Court on Tuesday curbed investor lawsuits against businesses accused of scheming fraudulently to inflate stock prices.
In a 5-3 ruling, the court gave a measure of protection from securities suits to suppliers, banks, accountants and law firms that do business with publicly traded companies.

The court ruled against investors who accused two suppliers of colluding with Charter Communications Inc. to deceive Charter's stockholders and manipulate the price of the cable TV company's stock.


Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today