9th Circ. Says FOIA Info Can Count As Corrective Disclosure

By Jon Hill, Law360, Nov. 3, 2020

The Ninth Circuit on Tuesday revived a proposed investor class action accusing the since-rebranded BofI Holding Inc. of securities fraud, ruling that the publication of information obtained through a Freedom of Information Act request can count as a corrective disclosure for loss causation pleading purposes.

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