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06-14-2011, 05:12 PM
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Supreme Court Limits Investors Right to Sue in Securities Fraud Lawsuits (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHPBQbYfiBB_Kck2992GDn-kX_5OQ&url=http://www.seolawfirm.com/2011/06/supreme-court-limits-investors-right-to-sue-in-securities-fraud-lawsuits/)
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In its appeal, Janus argued that because the mutual funds were a separate legal entity, owned by investors, neither the adviser nor its subsidiaries could be held liable in a private securities fraud action. The Supreme Court agreed. ...
Breakingviews: Supremes show fund bosses how to skirt fraud (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHKUJ6tMLb5_5zpPNV5Pvou1rMNgg&url=http://newsandinsight.thomsonreuters.com/Legal/News/2011/06_-_June/Breakingviews__Supremes_show_fund_bosses_how_to_sk irt_fraud/)Thomson Reuters News & Insight
Janus Cleared of Fraud in Supreme Court&#39;s Eyes (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEQZkbhl1SIaoJQKt8A0xrSZohfIQ&url=http://www.courthousenews.com/2011/06/13/37321.htm)Courthouse News Service
Supreme Court Rules Against Stockholders in Securities Fraud Lawsuit Over ... (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHO8hHRqmtBFWMxAUsqawEl7vAOUw&url=http://www.leagle.com/xmlResult.aspx?xmldoc%3DIn%2520SCO%252020110613000 T.xml%26docbase%3DCSLWAR3-2007-CURR)Leagle.com
HedgeCo.net (blog) (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEdOhr2C8eEBs7e8EqVjx6HmrgW_g&url=http://www.hedgeco.net/blogs/2011/06/13/supreme-court-decision-in-janus-securities-fraud-case/) -Wall Street Journal (blog) (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFJNzh_OJtvxaTV1fYtrHlwfApLGQ&url=http://blogs.wsj.com/law/2011/06/13/supreme-court-limits-investors-right-to-sue/) -Newsday (subscription) (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNG428KAUbV4VMa-zmdNsr7OaFyf5A&url=http://www.newsday.com/business/top-court-kills-investor-suit-over-fraud-1.2953022)
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