Posted On: 10/14/2016 10:07:57 AM
Post# of 72447
Now these will be the kind of class lawsuits that I will join!
"Mid May 2016 US SUPREME COURT ruling AGAINST NAKED SHORT SALES perpetrated by US Financial Broker/Dealers and now relegated to State Courts with expanded rights! The complete Supreme Court US Opinions are here: http://www.supremecourt.gov/opinions/15pdf/14-1132_4g15.pdf
Quote:
Naked short sellers squeezed by Supreme Court
Published by AMI Newswire May 16, 2016
In a sweeping blow to Wall Street investment giants, the U.S. Supreme Court today unanimously allowed lawsuits against "naked" short sellers in state courts to proceed.
The high court ruled unanimously that shareholders are not confined to federal court when seeking recourse for securities violations. Granting due deference to the important role of state courts, the Court reinforced federalist principles while clarifying congressional intentions to limit the federal governments role.
The ruling, which could give a new boost to startups and small companies targeted by short sellers, showed a rare moment of ideological agreement in the court. Justice Elena Kagan authored the Courts opinion, and Justice Clarence Thomas, joined by Justice Sonia Sotomayor, issued a concurrence."
"Mid May 2016 US SUPREME COURT ruling AGAINST NAKED SHORT SALES perpetrated by US Financial Broker/Dealers and now relegated to State Courts with expanded rights! The complete Supreme Court US Opinions are here: http://www.supremecourt.gov/opinions/15pdf/14-1132_4g15.pdf
Quote:
Naked short sellers squeezed by Supreme Court
Published by AMI Newswire May 16, 2016
In a sweeping blow to Wall Street investment giants, the U.S. Supreme Court today unanimously allowed lawsuits against "naked" short sellers in state courts to proceed.
The high court ruled unanimously that shareholders are not confined to federal court when seeking recourse for securities violations. Granting due deference to the important role of state courts, the Court reinforced federalist principles while clarifying congressional intentions to limit the federal governments role.
The ruling, which could give a new boost to startups and small companies targeted by short sellers, showed a rare moment of ideological agreement in the court. Justice Elena Kagan authored the Courts opinion, and Justice Clarence Thomas, joined by Justice Sonia Sotomayor, issued a concurrence."
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