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Balking Clients Sour Deal, Spark Court Battle Between Investment Firms: Kortright Capital Partners LP v. Investcorp Investment Advisers Limited
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By Pete S. Michaels

A party with unique or special expertise may have a duty to disclose information within that expertise to other parties with whom it deals.

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One Purchase Too Many Dooms Securities Fraud Claims: UBS Financial Services, Inc. v. Zimmerman
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By Sarah G. Anderson

A securities investor cannot assert a cause of action for fraud or negligent misrepresentation, based on the failure to disclose certain information,

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Puerto Rico Bond Investors Are Dismissed From Class: Roman v. UBS Financial Services, Inc. of Puerto Rico
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By Christopher G. Lazarini

*FRCP 23 (a) and (b) set out four threshold requirements for class certification:  numerosity, commonality, typicality,

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Down in the Tranches, Investor Justifies Its Reliance: Basis Yield Alpha Fund Master v. Morgan Stanley
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By Noah D. Sorkin

An investor may purchase a credit instrument in justifiable reliance on that instrument’s representations and investment ratings,

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U.S. Supremes Allow Fraud on the Market Rebuttal in Class Certification Challenge: Halliburton Co. v. Erica P. John Fund, Inc.
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Dkt. No. 13-317 (U.S., 6/23/14). Class Actions, Effects of (Certification) * Reliance/Transaction Causation (“Fraud on the Market” Theory) * Evidentiary Standards (Proving “Absence of Price Impact”) * Discovery Issues * 1934 Act (Rule 10b-5) * FRCP (Rule 23).

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