United States Second Circuit
Sheet Metal Workers Local No. 33 v. CBRE Realty Finance, Inc., 10-1535
In a private securities fraud action alleging false statements and omissions of material facts in the registration documents accompanying an initial public offering, Securities Act of 1933 Sections 11, 12(a)(2), and 15, Rule 12(b)(6) dismissal by district court is affirmed where the alleged misstatements were not material because the value of the transactions composed an immaterial portion of the issuer’s total assets.
Appellate Information
- Decided 07/26/2011
- Published 07/26/2011
Judges
- JACOBS
Court
- United States Second Circuit
Counsel
- For Appellant:
- SUSAN K. ALEXANDER, ROBERT S. FISCHLER