High Court Won't Hear Newsletter Stock Tip Fraud Case

Law360, New York (June 29, 2010, 2:41 PM EDT) -- The U.S. Supreme Court has said it will not hear a newsletter editor's appeal of a lower court's finding that he defrauded investors with a $1,000 “sure thing” stock tip, letting stand a ruling that a news organization can be held liable under securities laws.

The court denied certiorari Monday to publisher Pirate Investor LLC, now known as Stansberry & Associates Investment Research, and its editor-in-chief. They were seeking to challenge the U.S. Court of Appeals for the Fourth Circuit's finding that they broke securities laws...
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