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Results: 1-10 of 18

Amgen Inc. v. Connecticut Retirement Plans & Trust Funds: Supreme Court rejects proof of materiality at the class certification stage

  • Haynes and Boone LLP
  • -
  • USA
  • -
  • March 4 2013

On February 27, 2013, the Supreme Court held in a 6-3 opinion in Amgen Inc. v. Connecticut Retirement Plans and Trust Funds, 568 U.S. ___ (2013

Supreme Court issues major securities class action ruling

  • Hogan Lovells
  • -
  • USA
  • -
  • March 1 2013

On Wednesday, the Supreme Court held that plaintiffs in securities fraud cases do not have to establish materiality before a class can be certified

On the horizon for 2013

  • Dentons
  • -
  • United Kingdom
  • -
  • January 17 2013

Our experts select the highlights likely to impact businesses in the UK generally, so you can check quickly

Court finds plaintiff's new evidence insufficient to satisfy PSLRA pleading requirements

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • October 12 2012

In a securities fraud action, a Colorado district court denied a plaintiff employees’ retirement plan’s motion for relief from a final judgment that dismissed the plaintiff’s original complaint because it did not satisfy the pleading requirements of the Private Securities Litigation Reform Act (PSLRA

Verbal warnings reinforce access to safe harbor protections

  • Husch Blackwell LLP
  • -
  • USA
  • -
  • July 9 2012

As companies prepare for second quarter earnings calls, the following practice pointer highlights the value of verbal warnings in advance of statements concerning results

General counsel update: 31 May 2012

  • Herbert Smith Freehills LLP
  • -
  • Argentina, China, European Union, Hong Kong, Singapore, Spain, United Kingdom
  • -
  • May 31 2012

This is the twenty-ninth in our series of General Counsel Updates which aim to summarise major developments in key areas

SEC sues private company and its CEO for fraud related to buyback program involving employee stock bonus plan

  • McDermott Will & Emery
  • -
  • USA
  • -
  • February 29 2012

On December 12, 2011, the U.S. Securities and Exchange Commission (SEC) filed suit in the U.S. District Court for the Southern District of Florida against Stiefel Laboratories, a family-owned dermatological products business that was acquired by GlaxoSmithKline (GSK) in 2009, and against Charles Stiefel, the company’s former chairman and CEO

SEC sues private firm and its CEO for fraudulent stock repurchases

  • Dorsey & Whitney LLP
  • -
  • USA
  • -
  • December 13 2011

The SEC brought a fraud action against a company and its Chairman and President for defrauding company shareholders out of more than $110 million in the sale of their shares to the company by paying prices which were as much as 300 under value

First Amendment does not protect credit raters

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • December 5 2011

On November 12th, a Federal District Court granted in part and denied in part defendants' motions to dismiss a securities fraud lawsuit

Exercised over (backdated) options

  • Day Pitney LLP
  • -
  • USA
  • -
  • October 31 2011

Rejecting a barrage of allegations of prosecutorial misconduct, the 9th Circuit affirmed the conviction of Gregory Reyes, former CEO of Brocade Communications, for backdating options