( October 9, 2025, 1:36 PM EDT) -- NEW YORK — A panel of the Second Circuit U.S. Court of Appeals held that a lower court erred when it did not credit investors’ allegations from confidential witnesses and Spanish criminal proceedings in dismissing the investors’ action against a Spanish-headquartered engineering and construction company, its underwriters and several of the company’s officers for allegedly manipulating financial records to conceal its liquidity crisis; the panel said the plaintiffs’ allegations were detailed and independently corroborated....