Mining Stock News: AUX (TSXV: $AUX.V) (OTC: $AUXRF) DRILLS 103 G/T GOLD OVER 2.74 METRES AND 126 G/T GOLD OVER 1.1 METRES AT THE GEORGIA PROJECT, @AUXResources
New Delhi [India], 9 February (ANI): The Airports Authority of India's (AAI) Kolkata Airport has undertaken the work of construction of new Air Traffic Control (ATC) Tower and technical block at an estimated cost of Rs 458 crores, said AAI in a press release on Tuesday.
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(Reuters) - The U.S. government fundamentally believes in shareholder class actions. Back in 1987, when the U.S. Supreme Court was contemplating the fraud-on-the-market principle that is the framework for securities fraud class actions, the Justice Department, on behalf of the Securities and Exchange Commission, filed an amicus brief in Basic v. Levinson, advising the justices to adopt the presumption that in an efficient market, shareholders rely on a defendant’s misrepresentations.
A quarter-century later, when the Supreme Court revisited the Basic presumption in 2014’s Halliburton v. Erica P. John Fund, DOJ and the SEC reminded that justices that the government relies on investor class actions to help police the market. DOJ filed its Halliburton amicus brief in support of shareholders, arguing that the Supreme Court should leave intact the Basic fraud-on-the-market presumption.