9th Circ. Upholds Loss Test In First Solar Investor Suit

Published: 31/01/2018
9th Circ. Upholds Loss Test In First Solar Investor Suit
Source: WWW.LAW360.COM

The Ninth Circuit said in a published opinion Wednesday that a lower court picked the right test for determining economic loss causation in a shareholder class action claiming that First Solar Inc. fraudulently inflated stock prices by concealing defects in its solar panels.

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