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Mealeys

Mealey's Securities/D&O Liability - Panel: Court Correctly Denied No-Knowledge Argument In Securities Fraud Action

PHILADELPHIA - A Third Circuit U.S. Court of Appeals panel on Jan. 30 ruled that a federal district court did not err in ruling that a defendant in a securities fraud criminal suit failed to sufficiently establish beyond a preponderance of the evidence "a lack of knowledge" of a federal securities statute when he violated it by participating in an illegal short-selling scheme (United States v. Steven Fishoff, No. 18-3549, 3rd Cir., 2020 U.S. App. LEXIS 2928).
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