Complaint Alleging False Stock Info Caused High Tax Bill Tossed By Federal Judge

(December 22, 2023, 1:24 PM EST) -- CHICAGO — A federal judge in Illinois dismissed an adviser’s amended complaint against a clinical research company that alleged that the company was responsible for the adviser’s higher-than-expected tax burden from the company’s securities, finding that the adviser had failed to adequately allege that the company knowingly misrepresented the fair market value of its shares....