Justices Find Investment Banker Liable For Copy-Paste Fraud

Law360 (March 27, 2019, 10:16 AM EDT) -- The U.S. Supreme Court said Wednesday an investment banker can be held liable for sending clients emails drafted by his boss that contained false statements, issuing a decision that could broaden the scope of claims private plaintiffs may bring. 

The U.S. Supreme Court sided with the U.S. Securities and Exchange Commission in a 6-2 vote on Wednesday, rejecting investment banker Francis V. Lorenzo’s arguments that he couldn’t be held liable for misstatements he sent to clients on behalf of his boss. (AP) With Justice Brett Kavanaugh recusing himself after penning an underlying dissent, the other justices voted 6-2 to side with the...

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