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Tuesday, May 21, 2024 | Back issues
Courthouse News Service Courthouse News Service

Calif. Courts Of Appeal

SECURITIES, DAMAGES - Several investment funds sued CIBC World Markets for misrepresentation and fraud in connection with the issuance and sale of promissory notes for a cosmetics company after a senior creditor forced the company into liquidation. The appeals court upheld judgment for the investment companies, but ruled that they were erroneously denied prejudgment interest. See ruling.

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