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Court Of Chancery Rejects Delaware Securities Act Claim

Posted In Business Torts

Eurofins Panlabs Inc. v. Ricerca Biosciences LLC, C.A. 8431-VCP (May 30, 2014)

This decision holds that the Delaware Securities Act does not apply to trades outside of Delaware, even those between Delaware corporations.  The opinion also has some useful descriptions of what constitutes a basis for a fraud claim.

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