RCT WINS APPEAL IN THE NINTH CIRCUIT
On June 6, 2018, the Court of Appeals for the Ninth Circuit reversed the District Court’s dismissal of RCT client ChinaCast Education Corporation’s claims against two individuals that directly benefited from the unlawful sale over 2.4 million shares of stock stolen from the company. The Ninth Circuit remanded the case back to the District Court for further proceedings allowing ChinaCast to continue to pursue its claims for over $17 million in damages against Defendants.
See decision here.
Prior results do not guarantee a similar outcome.