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Home / Opinions / Courts / 8th U.S. Circuit Court of Appeals / Corporate: Securities Fraud-Proxy Statement-Materially Misleading

Corporate: Securities Fraud-Proxy Statement-Materially Misleading

Where a shareholder brought a class action for former shareholders claiming that the proxy statement contained materially misleading statements and omissions, the judgment dismissing the action is reversed and remanded because the omission of information on the net income and loss of the company to be merged with may have significantly altered the total mix ...