Class Action Tossed

The 10th Circuit <a href="http://www.courthousenews.com/wp-content/uploads/2018/05/Rhode-Island.pdf"><strong>upheld</strong></a> the dismissal of a securities class action filed by the Employees Retirement System of Rhode Island based on two energy companies' failure to share details of an abandoned <a href="https://www.courthousenews.com/chancery-court-denies-bid-for-merger-termination-fee/"><strong>merger</strong></a>, finding the complaint insufficiently argued the companies' duty to disclose.

DENVER — The 10th Circuit on Friday upheld the dismissal of a securities class action filed by the Employees Retirement System of Rhode Island based on two energy companies’ failure to share details of an abandoned merger, finding the complaint insufficiently argued the companies’ duty to disclose.

Categories / Securities

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