A U.S. District Court for the Southern District of New York recently found that a company that had provided lower earnings guidance in its statements to the public than its results from the previous year was not protected by...more
5/1/2013 - Fashion Design PSLRA Safe Harbors
On February 25, 2013, the U.S. Court of Appeals for the Eleventh Circuit affirmed the U.S. District Court for the Northern District of Florida's dismissal of a securities fraud claim for failure to adequately plead loss...more
3/8/2013 - Corrective Disclosures Impairment Charges Loss Causation SEC Securities Fraud
The U.S. Supreme Court heard oral argument on November 5, 2012, to determine the issue of whether a court should decide the issue of materiality in an SEC Rule 10b-5 misrepresentation case, before certifying a plaintiff class...more
11/19/2012 - Class Certification Fraud-on-the-Market Rule 10b-5
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