The Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act") includes important changes to corporate whistleblower protections that affect publicly traded and non-publicly traded companies.
The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) is expected to be signed into law by the President this week.
On July 15, 2010, the United States Senate voted to approve the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“Dodd-Frank”), one of the most wide-ranging legislative efforts at financial reform since the Great Depression.
On April 27, 2010, the United States Supreme Court held that the statute of limitations for private actions claiming securities fraud under Section 10(b) of the Securities Exchange Act of 1934 does not begin to run until plaintiffs have discovered or, with reasonable diligence, could have discovered the facts constituting the fraud, including scienter.
By all accounts, 2010 promises more noteworthy developments in the securities enforcement and litigation area.
On May 26, 2009, the U.S. Supreme Court granted Merck's petition for a writ of certiorari in the securities class action regarding Merck's Vioxx disclosures.