Panel’s Securities Suit Ruling Contradicts Other Circuits, Plaintiff Argues

(June 16, 2016, 11:21 AM EDT) -- WASHINGTON, D.C. — The 11th Circuit U.S. Court of Appeals erred in affirming a state court ruling in a securities class action lawsuit that determined that a jury instruction improperly stated the law governing a federal securities fraud claim because the ruling contradicts those of other federal courts of appeal, an investor argues in a petition for writ of certiorari filed May 31 in the U.S. Supreme Court (Richard I. Fried v. Stiefel Laboratories Inc., et al., No. 15-1458, U.S. Sup.; 2016 U.S. S. Ct. Briefs...
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