Summary
In this securities fraud action, the issue was whether research analyst reports disseminated by Jack Grubman and Salomon Smith Barney (SSB) were materially false and misleading.
See Also
In re Salomon Analyst Level 3 Litigation
In this securities fraud case, a federal district court ruled that valuation models are opinions, not facts, and that, therefore, an appraiser does not have a duty to disclose others' valuation models in the appraiser's reports.