To print this article, all you need is to be registered or login on Mondaq.com.
Loss causation – the causal connection between a
defendant s fraudulent conduct and a plaintiff s economic
loss – is a required element of a federal securities fraud
claim.
1 A typical securities class action is brought on
behalf of investors who contend they purchased a company s
stock in reliance on corporate misstatements. The investors allege
that they purchased their shares at a price artificially inflated
by the misstatements, and then suffered damage when the truth about
the misstatements was revealed to the market and the stock price
dropped.
Norfolk County scouting for small-cap, midcap managers
Print
Norfolk County Retirement System, Canton, Mass., has reissued two RFPs with extended deadlines: one seeking a midcap value equities manager to run $35 million to $40 million, and another looking for a small-cap growth equities manager to run $32 million to $40 million.
Wainwright Investment Counsel, investment consultant for the $1.2 billion pension plan, is assisting with the search.
The RFPs are available on Wainwright s website. Proposals are due 2 p.m. EDT May 5. Selection dates were not disclosed.
Patrick LePage, assistant executive director of the system, and Gustavo Aristizabal, president of Wainwright Investment Counsel, could not be immediately reached for additional information.