4th Circ. Rips 'Inference Upon Inference' In Stock-Drop Case
By Jack Newsham ( November 15, 2017, 6:10 PM EST) -- The Fourth Circuit spared PowerSecure International Inc. and its CEO from having to square off against a stock-drop suit, saying Wednesday that securities fraud class actions must include facts that directly suggest a company or its bosses knew of wrongdoing and cannot "stack inference upon inference" to suggest fraudulent intent....
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