Andrews Corporate Officers and Directors Liability Litigation Reporter
April 26, 1999
Copyright (c) 1999 Andrews Publications
9TH CIR. AFFIRMS DISMISSAL OF AQUA VIE BEVERAGE CLASS CLAIMS; REJECTS PRESUMPTION OF RELIANCE
Binder v. Gillespie
The Ninth Circuit U.S. Court of Appeals by a 2-1 margin upheld an Idaho federal judge's decision to decertify a securities class action brought against the directors and officers of Aqua Vie Beverage Corp. (AVBC). The panel concluded that the...