Monday, January 23, 2006

Third Circuit Affirms Dismissal Based on Inquiry Notice SOL

The Third Circuit has affirmed the dismissal of a complaint by mutual fund investors against Alliance Capital arising from the fund's investments in Enron. The decision contains an excellent analysis of the law of inquiry notice as same applies to a securities fraud cause of action, and dismissed the claims because of the numerous newspaper articles surrounding Enron's demise.
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