2nd Circ. Says Omnicare Kills Puda Investors' Auditor Claims

By Jody Godoy (May 20, 2016, 8:31 PM EDT) -- The Second Circuit affirmed a win for Moore Stephens Hong Kong on Friday in an investor suit claiming the accounting firm negligently overlooked fraud by a Puda Coal executive, saying the Supreme Court's recent Omnicare decision undermines the investors' Securities Act claims....

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