2nd Circ. Says AmEx Statement Protected By PSLRA
By Abigail Rubenstein ( May 18, 2010, 6:46 PM EDT) -- A federal appeals court on Tuesday affirmed the dismissal of a shareholder class action against American Express Co. over investments in junk bonds that lost the company millions, ruling that the company's allegedly misleading statement is a forward-looking statement that is protected by the safe harbor of the Private Securities Litigation Reform Act....
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