Pleading Fraud With Particularity

, New York Law Journal


David Owen and Adam Mintz of Cahill Gordon & Reindel write: Widespread losses suffered by many investors during the financial crisis have spawned more than a few fraud claims based upon broadly alleged misconduct affecting many investments or transactions. The loosely proffered connection to the plaintiff's own loss has led defendants to argue that such widespread claims lack a particular connection to the plaintiff's investment even if they are assumed to be true. Recent cases suggest opportunities for successful arguments on both sides of this contentious issue.

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