2nd Circuit Panel Upholds Summary Judgment Ruling In Securities Suit

Mealey's (May 10, 2018, 1:43 PM EDT) -- NEW YORK — A federal district court properly found that victims of a real estate investment scheme pleaded reliance, loss causation and scienter in claiming that an investment adviser misrepresented key aspects of the scheme to investors in violation of federal securities laws, a Second Circuit U.S. Court of Appeals panel ruled May 9 in affirming (Scott Charney, et al. v. Jennifer S. Wilkov, et al., No. 16-3239, 2nd Cir., 2018 U.S. App. LEXIS 12120)....