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

Investor Suit Survives Aerospace Co.'s Dismissal Bid

Law360, Washington (August 23, 2017, 6:27 PM EDT) -- An Oregon federal judge Tuesday refused to quash an investor suit accusing a Berkshire Hathaway Inc.-owned aerospace parts manufacturer of failing to disclose risks associated with its sales practices, adopting the recommendation of a U.S. magistrate judge.

U.S. District Judge Michael H. Simon, in an order denying Precision Castparts Corp.’s motion to dismiss investors’ claims that it failed to disclose its reliance on unsustainable sales practices, sided with a June recommendation from U.S. Magistrate Judge Stacie F. Beckerman. According to her, a factfinder could label as material...
To view the full article, register now.
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.