Dossier
Judge Richard Seeborg
Coverage of Judge Richard Seeborg in the Nexus archive.
- Judge finds federal securities law bars lawsuit over Chinese penny stock scheme
A U.S. judge ruled that federal securities law bars a lawsuit against Meta, which was accused of enabling a Chinese penny stock scheme through fraudulent ads. The judge determined the Securities Litigation Uniform Standards Act preempts the claim, stating Meta's misleading ads were material to victims' decision to purchase the stock.