Second Circuit Holds that Goodwill and Loss Reserve Figures Are Opinions Not Subject To A Strict Liability Standard

A company’s valuations of its goodwill and loss reserves are opinions that are not subject to a strict liability standard under securities laws, the 2nd Circuit has expressly ruled for the first time in a purported class action of investors in preferred securities issued by Regions Financial.

By |2011-12-23T10:49:11+00:00December 23rd, 2011|Uncategorized|Comments Off on Second Circuit Holds that Goodwill and Loss Reserve Figures Are Opinions Not Subject To A Strict Liability Standard