United States: Second Circuit Reverses Dismissal Of Section 11 And 12(A)(2) Claims, Holding That Plaintiff's Allegations Were Sufficient To Plead A Reasonable Inference Of Misrepresentations In A Prospectus - Sheppard Mullin Richter & Hampton
In New Jersey Carpenters Health Fund v. Royal Bank of Scotland Group, PLC, 2013 U.S. App. LEXIS 4317, the United States Court of Appeals for the Second Circuit reversed the dismissal of a claim for violations of Sections 11 and 12(a)(2) of the Securities Act of 1933, 15 U.S.C. §§ 77k, 77l, holding that the plaintiff pleaded sufficient facts to support a reasonable inference that defendants misstated mortgage underwriting guidelines to investors.
Found more than 1 month ago on channel Mondaq
London Markets: Aggreko leads U.S. stocks higher; Aviva sinks
Aggreko PLC led the London benchmark higher on Thursday after a well-received earnings report, while investors also awaited the latest policy decision from the Bank of England.
Shell abandons Alaska offshore drilling for this year
ANCHORAGE, Alaska - Royal Dutch Shell Plc will not drill for oil in Alaska's Arctic seas this year, the company said on Wednesday, in a widely expected decision that follows a series of high-profile setbacks in 2012.
Found more than 1 month ago on channel Reuters
Royal Bank of Scotland settles Libor charges
U.S. and U.K. authorities have fined Royal Bank of Scotland PLC more than $610 million for its role in the manipulation of the key global interest rate.
London Markets: AstraZeneca slumps in weak U.K. market
Shares of drug maker AstraZeneca PLC and oil firm Royal Dutch Shell PLC lead U.K. stocks lower on Thursday after lackluster earnings reports, while banks drop after facing large payouts to small-business customers.