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10th Circ. Takes Narrow View Of Liability In Investor Suits

By Stephanie Russell-Kraft (August 1, 2014, 6:49 PM EDT) -- The Tenth Circuit on Friday ruled that an action brought under Section 11 of the Securities Act of 1933 must show a defendant knew opinions in public statements were false when they were being made, joining the Second, Third and Ninth circuits in a question set to be answered by a high-profile Supreme Court case next term....

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