Andrews Corporate Officers and Directors Liability Litigation Reporter
January 29, 2001
Copyright (c) 2001 Andrews Publications
CEO ASSURANCES ARE NOT FORWARD-LOOKING STATEMENTS, SAYS 3D CIR.
EP MedSystems v. EchoCath
The Third Circuit has ruled that EP MedSystems Inc. may proceed with its securities fraud action against EchoCath Inc., a medical devices manufacturer, based on its CEO's representations regarding business contracts that were “imminent.” The court...