Shareholders contend fraud by Virgin's Branson in lawsuit

almost 3 years in irish sun

NEW YORK CITY, New York: A U.S. judge ruled this week that British billionaire entrepreneur Richard Branson must face shareholder claims he concealed problems in Virgin Galactic's spaceship program, and sold hundreds of millions of dollars of stocks at inflated prices.Despite dismissing most claims in the proposed class action lawsuit, U.S. District Judge Allyne Ross in Brooklyn said shareholders can attempt to

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