Law360, New York (August 29, 2011, 9:35 PM ET) -- A Massachusetts federal judge ruled Friday that a jury could reasonably find that Credit Suisse Group AG analysts deliberately concealed negative information about AOL Inc. during its blockbuster merger with Time Warner Inc., denying the company's bid to dismiss the shareholder class action.
U.S. District Judge Nancy Gertner said there were too many points of disagreement about the glowing recommendations Credit Suisse gave AOL stock leading up to the merger to find for the investment bank.
“There are competing narratives about materiality, scienter, reliance, loss causation...
Credit Suisse Can't Nix Suit Over AOL Tie-Up Valuation
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