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Securities fraud claim survives despite post-fraud stock recovery

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • August 10 2012

The U.S. Court of Appeals for the Second Circuit recently considered whether a stock’s share price recovery soon after the fraud became known defeats an inference of economic loss in a securities fraud suit at the pleading stage

District court considers defendants' challenge to SEC's motion for final judgment

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • April 27 2012

The Securities and Exchange Commission filed an enforcement action against defendants Robert D. Orr and Leland G. Orr alleging massive financial fraud