U.S. Supreme Court Invites Solicitor General’s Views on Whether to Grant Review of Important Securities Fraud Case

Morrison & Foerster LLP
Contact

Today, the Supreme Court took an important step in a case that should be of interest to investment advisors, accountants, and others who provide services to issuers of securities. The Supreme Court issued an order inviting the Solicitor General of the United States (“SG”) to file a brief expressing the views of the United States on whether the Court should review a recent ruling by the Fourth Circuit in Janus Capital Group v. First Derivative Traders, 566 F.3d 111 (4th Cir. May 7, 2009), a securities fraud case in which plaintiffs are testing the boundary between primary and secondary actors in the securities markets. Both the importance of the issue in Janus and the Supreme Court's desire to hear from the Solicitor General make this a case worth watching.

Please see full publication below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Morrison & Foerster LLP | Attorney Advertising

Written by:

Morrison & Foerster LLP
Contact
more
less

Morrison & Foerster LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide