2nd Circuit Overturns Portion Of Its Opinion In SEC Market Timing Suit

2nd Circuit Overturns Portion Of Its Opinion In SEC Market Timing Suit

NEW YORK - A U.S. Supreme Court ruling affirmed only a portion of a federal district court's dismissal of claims in a Securities and Exchange Commission lawsuit against a portfolio manager and another man, a Second Circuit U.S. Court of Appeals panel ruled May 3 in affirming dismissal of the particular claims but declining to do so with regard to any other claims (Securities and Exchange Commission v. Marc J. Gabelli, et al., Nos. 10-3581, 10-3628 and 10-3760, 2nd Cir.; 2013 U.S. App. LEXIS 9128).

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