How have courts treated allegations of fraud on the market?
MultiRegion, United States of America
The following excerpt is from Nuveen Mun. High Income Opportunity Fund v. City of Alameda, D.C. No. 3:08-cv-04575-SI, No. 11-17391, No. 11-17496 (9th Cir. 2013):
typically describe this sequence of events as the "fraud-on-the-market" scenario. See, e.g., Ray v. Citigroup Global Mkts., Inc., 482 F.3d 991, 995 (7th Cir. 2007).
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