Law360, New York (February 09, 2009) -- An appellate court has upheld the dismissal of fraud allegations brought by the U.S. Securities and Exchange Commission against three former Putnam Fiduciary Trust Co. executives accused of covering up a $4 million error in clients' retirement and defined contribution plans.
In a decision Friday, a three-judge panel of the U.S. Court of Appeals for the First Circuit said that a district court judge was right to toss the cases against...
