(Reuters) - A federal court dismissed the case, concluding that the companies were not liable under U.S. securities law because they were not a central player in the alleged fraud.
The decision was affirmed by a U.S. appeals court in St. Louis, which said making third parties liable for securities fraud in such a case would impose "potential far reaching duties and uncertainties" on them.
Read more at Reuters.com Business News
Showing posts with label Fraud. Show all posts
Showing posts with label Fraud. Show all posts
Tuesday, March 27, 2007
Thursday, February 8, 2007
Fraud costs US consumers $1.2bn
Consumers reported over 670 000 cases of fraud and identity theft in 2006 that cost them $1.2bn in losses, the Federal Trade Commission said in its annual report on Wednesday.
For the seventh straight year, identity theft was the most common complaint, the FTC said, accounting for 36%, or 246 035, of the complaints.
Read more at FIN24.co.za
For the seventh straight year, identity theft was the most common complaint, the FTC said, accounting for 36%, or 246 035, of the complaints.
Read more at FIN24.co.za
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