NO LOSS, NO PROBLEM: HOW THE SECOND CIRCUIT ALTERED DURA AND THE CONCEPT OF ECONOMIC LOSS IN SECURITIES FRAUD CASES IN ACTICON AG V. CHINA NORTH EAST PETROLEUM HOLDINGS, LTD.

The article focuses on the case Acticon AG v. China North East Petroleum Holdings, Ltd. to explain the clause of no loss and no problem followed by the U.S. Second Circuit for delivery the judgment. Topics discussed include summary of the case, explanation of pleading standard for private securities actions as per the decision delivered in the Dura Pharmaceuticals, Inc. v. Broudo, and meaning of economic loss in securities fraud cases.