The Supreme Court agreed to hear another securities class action case next term. The issue to be considered is whether tolling applies to a statute of
The Supreme Court agreed to hear a significant case concerning the coverage of the Sarbanes-Oxley whistleblower provisions. The central issue to be
The Supreme Court handed down two significant securities law decisions this week. In the first the High Court, in unanimous opinion, rejected the
The Supreme Court agreed to hear another securities law case. The case arises out of the litigation surrounding the Allen Stanford Ponzi scheme and
The Supreme Court agreed to here a potentially significant case for the SEC as well as other government agencies regarding the application of Section 2442 of Title 28, the five year statute of limitations for penalties.
On June 11, 2012, the US Supreme Court granted certiorari to hear Amgen Inc. v. Connecticut Retirement Plans & Trust Funds, a case involving two questions that could have a substantial impact on securities class actions.
FINRA has no authority to bring an action in federal court to collect fines it imposes on members according to the Second Circuit Court of Appeals.
The Supreme Court drew what it called a clear line between primary and secondary liability in private damage actions under Exchange Act Section 10(b) in a 5-4 decision.
The Supreme Court drew the line between primary and secondary liability, resolving a debate which has swirled since its 1994 decision in Central Bank v. First Interstate, 511 U.S. 164.
The Supreme Court handed its second ruling this Term which favors plaintiffs in securities class actions.