United States Second Circuit

In a class action securities fraud suit, the judgment of the district court granting defendants' motion to dismiss is vacated and remanded, as a stock's share price recovery soon after the fraud becomes known does not negate an inference of economic loss.

Appellate Information

• Decided 08/01/2012
• Published 08/01/2012

Judges

• Straub

Court

• United States Second Circuit

Counsel