3rd Circ. Revives Investor Suit Against Carnegie Mellon

Law360, New York (October 28, 2009, 6:44 PM EDT) -- A federal appeals court has revived a British investor's lawsuit against Carnegie Mellon University for investment losses he allegedly sustained when a company sponsoring one of the school's research projects went under.

The U.S. Court of Appeals for the Third Circuit on Monday reversed a ruling in favor of the university, finding that the lower court erred in concluding that the plaintiff had failed to show CMU proximately caused his losses.

Plaintiff Christian Bouriez of London, England, sued the university in 2002 to recover funds he...
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