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Misrepresentations regarding financing of buy-out of LLC interest not a 10B-5 violation
- Katten Muchin Rosenman LLP
- -
- USA
- -
- September 30 2011
The U.S. Court of Appeals for the Eleventh Circuit affirmed summary judgment dismissing claims for, inter alia, alleged violations of federal securities laws and conspiracy to defraud brought by a member of a limited liability company (LLC) and its owners against the defendant who had financed the buy-out of the member’s one-half interest in the LLC at issue
