|  | | 2012 News and Press Releases | | |
DISMISSAL NEWS:
Defunct Carlyle Fund Escapes Shareholders' Fraud Claims
Kaitlin Ugolik
Law360 - Securities. August 14, 2012
_________________________________________________________________________
EXCERPT: A Washington federal judge on Monday agreed to dismiss a consolidated shareholder class action against defunct mortgage-backed securities fund Carlyle Capital Corp., saying the plaintiffs failed to prove the fund had hidden or lied about its financial condition. U.S. District Judge Amy Berman Jackson found that the Carlyle Group LP fund provided plenty of information in both offering and aftermarket materials related to its initial public offering that indicated the fund did not have the best financials and would be a risky bet. In addition, despite... |
|
|
