Textron's lawyers at Gibson, Dunn & Crutcher convinced the U.S. Court of Appeals for the First Circuit to affirm the dismissal of a shareholder suit arising from a stock price plunge in January 2009. Despite citing information from 23 confidential witnesses, the plaintiffs were tripped up by weak scienter allegations.
23 Confidential Witnesses Still Can't Save Textron Shareholder Suit
The Litigation Daily
June 8, 2012
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