SECURITIES - The 8th Circuit affirmed dismissal of a class action accusing Possis Medical, a catheter maker, of causing the value of stocks to drop significantly by releasing study results that did not support expanded usage of the catheter. The court found that the study did not infer knowledge of wrongdoing and stock sales by employees did not establish motive or opportunity to support the inference.
Categories / Uncategorized
Subscribe to our free newsletters
Our weekly newsletter Closing Arguments offers the latest about ongoing trials, major litigation and rulings in courthouses around the U.S. and the world, while the monthly Under the Lights dishes the legal dirt from Hollywood, sports, Big Tech and the arts.





