Summary
Federal district court rejects expert’s “insolvency theory” of loss causation, finding that, even when securities fraud leads to a company to bankruptcy, plaintiffs must show causal link between the alleged loss and qualified corrective disclosures.
See Also
In re DVI, Inc. Securities Litigation
Federal district court rejects expert’s “insolvency theory” of loss causation, finding that even when securities fraud leads to a company to bankruptcy, plaintiffs must show causal link between the alleged loss and qualified corrective disclosures.