Tag: Reversals

What a Judge’s Rare Reversal Means in the Platinum Partners Fraud Case – The New York Times

Judge Brian M. Cogan found there was insufficient evidence of criminal intent to convict Mr. Levy, and granted Mr. Nordlicht a new trial. In July, a jury had found the men, both executives at Platinum Partners, guilty of securities fraud, conspiracy to commit securities fraud and conspiracy to commit wire fraud. The case revolved around an oil and gas company,…

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Fourth Circuit Reverses Dismissal of Securities Class Action Against Janus Capital Group

On May 7, 2009, the U.S. Court of Appeals for the Fourth Circuit reversed a lower court ruling dismissing a securities class action against Janus Capital Group.  The Fourth Circuit held that plaintiffs’ claim against a subsidiary, Janus Capital Management, for violation of section 10(b) of the Exchange Act had been adequately pled, as was a claim against Janus Capital…

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