Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Saturday, June 22, 2024 | Back issues
Courthouse News Service Courthouse News Service

Most Charges Tossed|In Aspen Stock Case

MANHATTAN (CN) - A federal judge dismissed most securities-fraud charges against Aspen Technology and three of its executives, but let some charges stand against Aspen's former CEO David McQuillin, and allowed plaintiffs leave to replead common-law fraud charges against CFO Lisa Zappala and former CEO Lawrence Evans. Plaintiffs claim the defendants' false and misleading statements fraudulently induced them to buy $6.8 million of Aspen stock, whose value plunged when the alleged fraud was exposed.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...