Platforms Wireless Can Rebrief SEC Claims: Judge

Law360, New York (February 3, 2008, 12:00 AM EST) -- Platforms Wireless International Corp. has won a bid to reconsider a series of summary judgment rulings in an enforcement action over allegedly false and misleading statements the company's directors made to artificially boost stock prices, with a federal judge ruling that the parties can submit further briefs on the claims.

Judge Jeffrey T. Miller of the U.S. District Court for the Southern District of California agreed with Platforms that the lower court had applied an incorrect standard in defining scienter, and granted the motions for reconsideration...
To view the full article, register now.