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McAdams v. McCord, No. 09-1303

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By FindLaw Staff on October 20, 2009 4:55 PM

In a securities fraud action alleging that defendant executives and auditor defrauded plaintiffs by inducing them to invest in a company through misrepresentations and false statements about its financial condition, dismissal of the complaint is affirmed where plaintiffs failed to allege how two statements by the auditor, as compared to the complaint's long list of alleged misrepresentations and omissions by the executives, proximately caused the investors' losses.

Read McAdams v. McCord, No. 09-1303

Appellate Information

Submitted: September 24, 2009

Filed: October 20, 2009

Judges

Opinion by Judge Benton

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