We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Kid Brands Escapes Securities Suit Over Duties Scandal

Law360, Los Angeles (November 15, 2013, 7:56 PM EST) -- A Third Circuit panel Friday rejected an investor’s attempt to revive a putative securities fraud class action accusing Kid Brands Inc. of obscuring its products’ origins to avoid duties and misleading investors about its financial health, finding that the investor did not show intent to deceive.

Plaintiff Shah Rahman had appealed to the Third Circuit after a lower court dismissed his suit because he didn't adequately plead knowledge of wrongdoing by company executives.

In his appeal, Rahman argued that he quoted “well-placed” confidential witnesses who had...
To view the full article, register now.




Case Information

Case Title

Shah Rahman v. Kid Brands, Inc., et al

Case Number



Appellate - 3rd Circuit

Nature of Suit

3850 Securities, Commodities, Exchange

Date Filed

November 20, 2012

Law Firms


Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.