Second Circuit Reverses Class Certification Order, Holding That a Clearing Broker’s Alleged Knowledge of Fraud Against Shareholders, Absence Direct Involvement, Is Insufficient to Create a Duty of Disclosure

John Landry, Jonathan Moss, John Stigi, Second Circuit Reverses Class Certification Order, Holding That a Clearing Broker’s Alleged Knowledge of Fraud Against Shareholders, Absence Direct Involvement, Is Insufficient to Create a Duty of Disclosure (April 1, 2013) [The Library at LexBlog, LEX-WK-ZXBZC7HT, lexpid.org/ZXBZC7HT]