10th Circuit Backs Dismissal Of Overstock Shareholder’s Market Manipulation Suit

Mealey's ( October 18, 2024, 10:05 AM EDT) -- DENVER — Affirming dismissal of a putative class action in which a shareholder asserted securities fraud claims against an online retailer and some executives, a 10th Circuit U.S. Court of Appeals panel held in part “that an open-market transaction may qualify as manipulative conduct, but only if accompanied by plausibly alleged deception,” noting that it was an issue “of first impression for this court.”...

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