Mealey's Securities/D&O Liability - Dismissal Partially Overturned In Market Manipulation, Insider Trading Suit

Mealey's Securities/D&O Liability - Dismissal Partially Overturned In Market Manipulation, Insider Trading Suit

NEW YORK - A Second Circuit U.S. Court of Appeals panel on Jan. 27 partially overturned a federal district court's dismissal of a securities lawsuit accusing a company's officers and directors of engaging in a market manipulation and insider trading scheme, ruling that the district court erred in dismissing the insider trading claims (Gloria Steginsky v. Xcelera Inc., et al., Nos. 13-1327 and 13-1892, 2nd Cir.; 2014 U.S. Dist. LEXIS 1523).

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