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1st Circuit tightens lid on investor suits

Decision closes door on ‘fraud by hindsight’ claims

Securities fraud litigators view a recent decision from the 1st U.S. Circuit Court of Appeals as reducing the odds of investors being able to recover on claims that a company violated federal law by failing to disclose known risks to the value of the stock they purchased. In Karth v. Keryx Biopharmaceuticals, a three-judge panel upheld ...

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