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Appeals Court Presses Sides in Investor Suit Over ‘Check the Website’ Disclosure
Summary
In Jewel LLC v. Shanghua, the Appeals Court heard arguments about whether an email that told an investor to “check the website” satisfied disclosure obligations under the Massachusetts Uniform Securities Act (MUSA) and Chapter 93A. Appellant says the phrase did not convey GTI’s dire finances; respondents cite the trial judge’s credibility findings and SEC filings.
The Appeals Court panel on Wednesday questioned lawyers in Jewel LLC’s appeal from an adverse judgment in claims under the Massachusetts Uniform Securities Act (MUSA) and G.L. c. 93A. Appellant counsel Mike Gilloran said the trial court erred by allowing a seller‑beware principle to be displaced: Jewel’s investor client was not required to investigate by clicking a website link and thus lacked…
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