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Securities Law

Teamsters Local 445 v. Dynex: “Corporate Scienter” Possible Without Naming Names
In its highly anticipated opinion in Teamsters Local 445 Freight Div. Pension Fund v. Dynex Capital Inc., 531 F.3d 190 (2nd Cir. 2008), the Second Circuit affirmed that a securities fraud plaintiff can plead corporate scienter without specifically identifying the culpable corporate officer or director whose individual scienter could be…
Posted:
09/19/2008
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Securities Law >
New Judicial Opinions

Second Circuit: Securities Class Suit Failed to Plead Corporate Scienter Against Dynex and Merit
In this securities fraud class action, defendants-appellants Dynex and Merit appealed an order entered on February 10, 2006 in the U.S. District Court for the Southern District of New York denying a motion by Dynex and Merit to dismiss the action as to them. Opinion, p. 3. In this appeal,…
Date of ruling:
06/26/2008
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