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Windstream's Ex-GC, Uniti Defeat Spinoff Fraud Suit Appeal

By P.J. D'Annunzio ( August 19, 2022, 4:38 PM EDT) -- The Third Circuit has upheld the dismissal of a securities fraud suit accusing telecom company Windstream's former general counsel and its spinoff, Uniti Holdings Inc., of making misleading and fraudulent statements to encourage investment in the spinoff, reasoning that the plaintiff has not demonstrated that the defendants made actionable omissions or misrepresentations under Alabama law, which governs in the case....

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