2nd Circ. Backs Brokerage In Suit Over Biotech's Failed IPO

By Yun Park (June 12, 2024, 8:53 PM EDT) -- The Second Circuit on Wednesday declined to reinstate a Texas company's suit against an investment brokerage that advised biotech Inpellis on an initial public offering that failed and sent the company to file Chapter 7, ruling a lower court rightly found a global settlement eclipsed the need for a jury trial....

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