- Nov 9, 2006
At last, someone with something to prove their position! That article is six months old by the way; they recently consolidated the lawsuits into one for common court proceedings. So then, CDPR has not committed fraud, and they're working to resolve the legal matters as quickly as possible. Feel free to come back if the court rules against them and finds them guilty of fraud.
Consolidating the lawsuits doesn't stop one of them being securities fraud.
It's just a more time efficient way for the court to deal with the cases since they all relate to the same underlying product.
There will be multiple rulings in the same case, one for each issue.