On March 27, 2017, the Supreme Court granted certiorari in a potentially significant securities case addressing the scope of claims under Section
Judge Richard Sullivan of the Southern District of New York dismissed a securities fraud class action complaint against Paul, Weiss client Michael
In two recent federal securities fraud actions stemming from the 2008 financial crisis, the Second Circuit has affirmed that statutes of
On December 8, 2015, the Second Circuit overturned the convictions of a securities trader for alleged misrepresentations made to certain RMBS
On April 15, 2015, the Second Circuit issued an opinion in IBEW Local Union No. 58 Pension Trust Fund & Annuity Fund, et al. V. The Royal Bank of
In Stratte-McClure v. Morgan Stanley, 2015 WL 136312 (2d Cir. Jan. 12, 2015), the Second Circuit held that omissions from Form 10-Q filings of
In Halliburton Co. v. Erica P. John Fund, Inc., No. 13-317, the Supreme Court declined either to eliminate the fraud-on-the-market presumption
The Supreme Court Monday heard oral argument in Matrixx Initiatives Inc., et al. v. Siracusano, a putative securities class action involving the manufacturer of Zicam Cold Remedy.
In a significant decision issued yesterday in In re Omnicom Group, Inc. Securities Litigation, the United States Court of Appeals for the Second Circuit continued to develop its demanding standards of loss causation in cases brought under Section 10(b) of the Securities Exchange Act.