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ARTICLE · 13 APRIL 2011
Financial Services Alert - April 12, 2001
Goodwin Procter LLP
The United States District Court for the Southern District of New York dismissed claims under Section 11 and 12(a)(2) of the Securities Act of 1933 against a mutual fund’s sponsor and related parties (collectively, the "Sponsor") asserting misrepresentations in the fund’s offering documents, holding that plaintiff’s losses could not be causally connected to those purported misrepresentations.
United StatesFinance and Banking
