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Results: 1-10 of 11,949

Court denies motion to dismiss securities fraud claims
  • Katten Muchin Rosenman LLP
  • USA
  • June 15 2007

A securities fraud action was brought on behalf of all persons who purchased or acquired the common stock of Jarden Corp., a consumer products company, between June 29, 2005 and January 11, 2006


The antitrust laws do not apply to underwriters’ conduct in IPOs, the Supreme Court holds in Credit Suisse Securities (USA) LLC v Billing
  • Baker & Hostetler LLP
  • USA
  • June 22 2007

On June 18, 2007, the United States Supreme Court decided that, in the context of initial public offerings (IPOs), the antitrust laws and the federal securities laws were “clearly incompatible,” reversing the Second Circuit Court’s decision


Supreme Court requires plaintiff to meet stringent pleading standard: under PSLRA's strong inference" requirement, courts must consider plausible inferences favoring defendants
  • Locke Lord LLP
  • USA
  • July 3 2007

On June 21, 2007, in a much anticipated ruling affecting the ability of federal securities fraud complaints to withstand a motion to dismiss, the Supreme Court resolved a dispute between the federal circuit courts regarding what securities fraud plaintiffs must plead concerning the state of mind of defendants in order for a complaint to withstand dismissal


U.S. Supreme Court reconciles antitrust law and securities regulation
  • Fenwick & West LLP
  • USA
  • June 20 2007

On June 18, 2007, in Credit Suisse Securities (USA) LLC v. Billing, the U.S. Supreme Court issued an important decision about the relationship between the federal antitrust laws and the federal securities laws


The Supreme Court’s Tellabs decision: no deathblow to private securities litigation
  • Squire Patton Boggs
  • USA
  • June 30 2007

At a time when investors and securities law plaintiffs’ lawyers are reeling from a series of court defeats, the U.S. Supreme Court’s June 21, 2007 decision in Tellabs v. Makor Issues & Rights, Ltd. was a reprieve from the possible death sentence that the Court could have dealt to private securities litigation


Supreme Court vacates Seventh Circuit securities fraud decision
  • Katten Muchin Rosenman LLP
  • USA
  • June 29 2007

In an important decision concerning the standard for pleading scienter in securities fraud cases, the Supreme Court vacated a decision by the Seventh Circuit Court of Appeals, and ruled that the Private Securities Litigation Reform Act (PSLRA) requires courts to consider plausible competing inferences in determining whether a plaintiff has alleged facts sufficient to give rise to the “strong inference” of scienter that Congress mandated in the PSLRA


Securities fraud plaintiff failed to plead scienter adequately
  • Katten Muchin Rosenman LLP
  • USA
  • June 15 2007

A Minnesota district court dismissed a securities fraud claim brought by a class of investors against a corporation that was forced to restate its financial results multiple times over a two-year period due to “dozens, if not hundreds, of accounting errors.”


Supreme Court establishes standard for reviewing “strong inference” of scienter in securities fraud cases
  • Fried Frank Harris Shriver & Jacobson LLP
  • USA
  • June 21 2007

Earlier today, the U.S. Supreme Court issued its widely-anticipated decision in Tellabs, Inc. v. Makor Issues & Rights, Ltd., interpreting for the first time the heightened pleading requirements of the Private Securities Litigation Reform Act of 1995 (the “PSLRA”


US Supreme Court enforces strict pleading requirement under Private Securities Litigation Reform Act
  • Bryan Cave LLP
  • USA
  • June 22 2007

Yesterday, the U.S. Supreme Court announced its decision in Tellabs, Inc v. Makor Issues & Rights Ltd (No. 06-484


Supreme Court raises bar for pleading securities fraud claims
  • White & Case LLP
  • USA
  • June 28 2007

On June 21, the United States Supreme Court decided Tellabs, Inc. v. Makor Issues & Rights, Ltd