Legal Opinion
Robert Yates v. Municipal Mortgage & Equity
Court of Appeals for the Fourth Circuit
Decided March 7, 2014No. 12-2496PublishedCited by 84 opinions
1Opinion of the Court
Affirmed by published opinion.
Judge DIAZ wrote the opinion, in which Judge FLOYD and Judge ANDERSON joined.
DIAZ, Circuit Judge:
This case involves claims that Municipal Mortgage & Equity (“MuniMae” or the “Company”), and certain of its officers and directors (collectively, the “MuniMae defendants”), violated federal securities laws. 1 Plaintiffs, both individually and as class representatives, contend that the Mu-niMae defendants committed securities fraud by (1) falsely representing that the Company was in full compliance with a new accounting standard enacted in 2003; and (2) concealing the…
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