A Federal Judge last week said he would allow a class action lawsuit against former analysts at Robertson Stephens over their recommendations for the technology stock Corvis Corporation.
Southern District Judge Gerard E. Lynch said the suit, which alleges that the analysts recommended the stock to inflate its price and then sold off their own shares in the company, was distinguishable from a similar suit against Merrill Lynch that was dismissed last summer by Southern District Judge Milton Pollack.
Posted by Webmaster at January 15, 2004 02:11 AM