Securities Fraud Claims Based on Short Reports
By EsqSocial Corporation 01/05/25
Is a report by a short seller followed by a stock decline enough to plead securities fraud? This month, the Fourth Circuit considered this issue. In Defeo v. IonQ, Inc., a group of investors sued IonQ, a developer of quantum computers, alleging violations of Sections 10(b), 14(a), and 20(a) of the Securities Exchange Act of 1934....
By: Morrison & Foerster LLP