Christina DeIasi | Bloomberg Law In re Credit Suisse-AOL Securities Litig., No. 02-CV-12146, 2011 BL 220600 (D. Mass. Aug. 26, 2011) The U.S. District Court for the District of Massachusetts denied defendants' motions for summary judgment in a class action accusing research analysts at Credit Suisse First Boston, LLC (CSFB) of hyping AOL-Time Warner, Inc. (AOL) stock to secure investment banking business. In addition to CSFB, plaintiffs named as defendants CSFB's parent company (Credit Suisse First Boston (USA), Inc.), two research analysts (James Kiggen and Laura Martin), and two managing directors (Frank Quattrone and Elliot Rogers) (collectively, Defendants). The Court's decision sets the stage for a possible trial on whether Defendants committed securities fraud under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (Exchange Act) and Rule 10b-5 thereunder.
Internal Emails Contradict Research Reports
Control Person Claims
To view additional stories from Bloomberg Law® request a demo now