2nd Circ. Judge Has Blunt Take On La Quinta Stock-Drop Case
By Pete Brush ( August 16, 2018, 6:39 PM EDT) -- The Second Circuit didn't look keen Thursday to revive claims that La Quinta Holdings Inc. and a private equity backer duped investors by failing to adequately disclose the risk of oil and gas prices crashing, with Judge Gerard E. Lynch saying "any idiot" knows a hotel chain with a heavy presence in Texas is impacted by an energy-sector slump....
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