Securities fraud defendant rebuts fraud-on-the-market presumption of reliance *

USA - March 11 2013
With all of the attention on last week's Amgen decision, another interesting decision addressing the fraud-on-the-market presumption of reliance in…

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Supreme Court holds that securities fraud plaintiffs need not show materiality at class certification *

USA - February 27 2013
Today, in Amgen Inc. v. Connecticut Retirement Plans and Trust Funds, No. 11-1085, the Supreme Court held that proof of materiality is not a…

Co-authors: Kevin S. Ranlett.

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Plaintiffs seek to revive securities fraud class actions under Second Circuit’s “class standing” doctrine *

USA - February 22 2013
I previously blogged about the Second Circuit's troubling decision in NECA-IBEW Health & Welfare Fund v. Goldman Sachs & Co. (pdf), 693 F.3d 145 (2d…

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Can members of a mandatory class action opt out? *

USA - February 4 2013
A recent decision from the Delaware Supreme Court is a reminder that the members of a mandatory class—one in which the class isn't guaranteed…

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Supreme Court to decide scope of preemption of state-law securities class actions by SLUSA *

USA - January 23 2013
On Friday, the Supreme Court granted review in three consolidated cases: Chadbourne & Parke LLP v. Troice, No. 12-79, Willis of Colorado v. Troice…

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