Justices Seek SG's View On Harbinger Securities Row

Law360, New York (March 24, 2014, 12:37 PM EDT) -- The U.S. Supreme Court on Monday asked the solicitor general to weigh in on an appeal seeking to overturn a Ninth Circuit decision that allowed the expansion of a former Harbinger Corp. director's claims that he was misled into supporting the software company's merger with Peregrine Systems Inc.

Filed in December, the appeal effort is led by several former outside directors at Peregrine, who allege the Ninth Circuit erred by allowing David Hildes to add a Section 11 claim under the Securities Act of 1933 to...
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