Financial Times FT.com

Justices challenge shareholder lawsuits

By Patti Waldmeir in Washington

Published: March 28 2007 23:29 | Last updated: March 28 2007 23:29

The US Supreme Court on Wednesday seemed reluctant to make it easier for shareholders to bring lawsuits against corporate America for fraud.

Hearing a case that could profoundly affect the litigation burdens faced by US companies, most of the justices appeared unwilling to lower the high hurdles that currently confront investors who want to bring lawsuits alleging corporate fraud. 

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this