9th Circ. Backs CVB Investors' Loss Causation Argument
By Stewart Bishop ( February 1, 2016, 9:17 PM EST) -- The Ninth Circuit on Monday resurrected a proposed securities class action accusing CVB Financial Corp. of issuing false statements about its exposure to under-performing loans, saying an announcement of a government investigation into a company coupled with a later disclosure of a purported misrepresentation can be used to demonstrate why shareholders lost money....
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