Federal Judge Says Bank Lacks Standing For Securities Claim In Complaint

(December 6, 2023, 3:17 PM EST) -- NEW YORK — A federal judge in New York on Dec. 5 again dismissed a bank’s complaint against a sport technology company and its CEO in which the bank alleged that the CEO sent the bank material nonpublic information that prevented it from selling its shares, finding that the bank lacked standing to bring a claim under a federal securities statute....

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