A decision on Wednesday from the U.S. Court of Appeals for the Ninth Circuit could raise the bar for plaintiffs alleging that corporate executives knowingly misled investors.
July 17, 2014 at 06:17 PM
1 minute read
The original version of this story was published on The Recorder
SAN FRANCISCO — Intuitive Surgical Inc., a manufacturer of surgical robots at the center of a litigation firestorm, has one less lawsuit to worry about.
Intuitive executives did not knowingly mislead investors before the 2008 recession and are not liable for securities violations, the U.S. Court of Appeals for the Ninth Circuit ruled Wednesday.
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