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

High Court Declines Review Of State Court’s Jury Instruction In Securities Suit

Mealey's (October 4, 2016, 12:11 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on Oct. 4 declined review of an appeal of an 11th Circuit U.S. Court of Appeals panel’s ruling affirming a state court order in a securities class action lawsuit that determined that a jury instruction improperly stated the law governing a federal securities fraud claim (Richard I. Fried v. Stiefel Laboratories Inc., et al., No. 15-1458, U.S. Sup.).

Former Stiefel Laboratories Inc. Chief Financial Officer Richard Fried filed an amended complaint in the U.S. District Court for the Southern...
To view the full article, register now.