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Tellabs, Inc. v. Makor Issues & Rights, Ltd.
Citation:551 U.S. 308 (2007)
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- Facts: What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case. Review the Facts of this case here:
A group of potential shareholders were told by Notebaert and other Tellabs officers the company would perform extremely well in the coming years. In many cases, these claims were outright misleading. Nevertheless , the shareholders purchased equity stake in the corporation. Soon thereafter , the true financial status of the company became evidence. The shareholders brought suit under the Private Securities Litigation Reform Act (PSLRA).
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