2nd Circuit Affirms Court's Ruling On Most Claims In Market Manipulation Suit

2nd Circuit Affirms Court's Ruling On Most Claims In Market Manipulation Suit

NEW YORK - A federal judge did not err in dismissing state and federal securities law claims against a majority of defendants in a market manipulation scheme lawsuit, but erred in dismissing the state law claims against particular defendants because there was ample evidence showing their involvement in the alleged scheme, a Second Circuit U.S. Court of Appeals panel ruled May 7 (Mohammed Fezzani, et al. v. Bear, Stearns & Co. Inc., et al., No. 09-4414, 2nd Cir.).

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