Disappointed Investors Can’t Recover for Collapsed Stock Value Without Expert Evidence

Business Valuation UpdateVol. 13 No. 6
Legal and Court Case Update
June 2007

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6211 Security Brokers, Dealers, and Flotation Companies
523120 Securities Brokerage
fraud
Ray v. Citigroup Global Markets, Inc.
2007 U.S. App. LEXIS 8369
April 12, 2007
Federal Court
7th Circuit
United States Court of Appeals
unnamed
Wood

Summary

Disappointed investors can’t recoup for collapsed telecomm stock without showing that financial advisor’s statements directly caused the loss in value.

See Also

Ray v. Citigroup Global Markets, Inc.

Full Text of Court Cases
April 12, 2007

Disappointed investors can’t recoup for collapsed telecomm stock without showing that financial advisor’s statements directly caused the loss in value.