Andrews Corporate Officers and Directors Liability Litigation Reporter
May 7, 2001
Copyright (c) 2001 Andrews Publications
SHAREHOLDER SUIT AGAINST CDNOW DISMISSED
In re CDnow Sec. Litig.
A federal court in Philadelphia has dismissed the securities fraud class action against CDnow Inc., finding the allegations against the Internet music retailer were “unsupported and conclusory” and that the company did not mislead investors about a...