Rise After Drop in Stock Price Doesn’t Bar Damages for Securities Fraud, Second Circuit Holds
By Barry Barnett on
Say you bought a share of Enron stock before it belly-flopped into chapter 11. You paid too much for it, right? $90 or so. And when the belly-flopping took place, the market price for your share in the Greatest Company Ever fell to, oh, about $1. You lost around $89 bucks, right?
Maybe. In your…