McAdams v. McCord, No. 09-1303
In a securities fraud action alleging that defendant executives and auditor defrauded plaintiffs by inducing them to invest in a company through misrepresentations and false statements about its financial condition, dismissal of the complaint is affirmed where plaintiffs failed to allege how two statements by the auditor, as compared to the complaint's long list of alleged misrepresentations and omissions by the executives, proximately caused the investors' losses.
Read McAdams v. McCord, No. 09-1303
Appellate Information
Submitted: September 24, 2009
Filed: October 20, 2009
Judges
Opinion by Judge Benton