JOBS Act facilitates IPOs and eases restrictions on private capital formation in the United States *

USA - April 19 2012
On April 5, President Obama signed into law the Jumpstart Our Business Startups Act (the “JOBS Act”), implementing sweeping changes to the rules governing IPOs and private capital formation in the United States by domestic and foreign issuers.

Co-authors: Adam M. Givertz , David S. Huntington, Mark S. Bergman, Edwin S. Maynard, John C. Kennedy.

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Second Circuit establishes more stringent pleading standard for Securities Act claims based on statements of opinion *

USA - August 26 2011
Earlier this week, the Second Circuit decided Fait v. Regions Financial Corp., No. 10-2311-cv (2d Cir. Aug. 23, 2011), in which the Court affirmed the dismissal of a putative class action alleging violations of Sections 11(a), 12(a)(2), and 15 of the Securities Act of 1933 (the "Securities Act").

Co-authors: Brad S. Karp, Daniel J. Kramer, Charles E. Davidow, Susanna M. Buergel .

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U.S. Supreme Court holds “loss causation” not a prerequisite to class certification in fraud-on-the-market cases *

USA - June 7 2011
In Erica P. John Fund Inc. v. Halliburton Co., No. 09-1403 (June 6, 2011), the Supreme Court of the United States decided that in seeking class certification, a plaintiff in an action under the federal securities laws is not required to prove facts demonstrating loss causation.

Co-authors: Brad S. Karp, Walter Rieman, Daniel J. Kramer, Charles E. Davidow.

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Securities litigation implications of the Dodd-Frank Act *

USA - July 9 2010
On June 25, 2010, a House-Senate conference committee reached agreement on the text of the conference report for the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Act").

Co-authors: Brad S. Karp, David S. Huntington, Andrew J. Ehrlich, Daniel J. Kramer, Charles E. Davidow.

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Supreme Court limits availability of United States courts to securities law claims brought by foreign purchasers of securities of foreign companies *

USA - June 25 2010
The United States federal securities laws have long offered investors more favorable protections, both substantive and procedural, than the laws in most other jurisdictions.

Co-authors: Brad S. Karp, Daniel J. Kramer, Charles E. Davidow.

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