On March 22, 2011, the Supreme Court issued a unanimous opinion in Matrixx Initiatives v. Siracusano, that reaffirmed its long-standing test for determining materiality with respect to securities fraud claims under Section…more
On April 4, the Washington Court of Appeals issued its decision in Unigard Insurance Company v. Mutual of Enumclaw Insurance Company. The case pertains to the scope of damages that may be assessed for an insurer’s bad faith…more
This article provides advice for young lawyers on how to handle technical cases. In my three plus years of practice, I've had to face the challenge of preparing complicated cases for trial and arbitration. The article provides…more
In Re: Section 16(B) Litigation
Lane Powell teamed with national law firms in successfully defending eight investment bank clients in 54 derivative shareholder actions, brought in federal court in Seattle late in 2007. These dismissals will eliminate exposure…more
In a widely-anticipated decision, the Supreme Court yesterday refused to expand the implied private right of action for securities fraud under Section 10(b) to include investor claims for socalled “scheme” liability against…more
Breaking Developments Affecting the London Market
The United States Supreme Court dealt a significant blow to investor lawsuits in a decision issued on January 15, 2008. In Stoneridge Investment Partners v…more
Breaking Developments In Business Law
The Washington Supreme Court recently decided two extremely important consumer rights cases -- Scott v. Cingular Wireless Corp. and Dix v. ICT Group, Inc. In these two cases, the Court…more
U.S. Supreme Court Construes “Strong Inference” of Scienter Requirement Under PSLRA in Favor of Defendants
The Private Securities Litigation Reform Act (“PSLRA”) was enacted in 1995 as a check against abusive private federal…more
Breaking Developments In Business Law
After 96 years, a venerable legal precedent has been overruled. On June 28, 2007, the Supreme Court directly overruled the rule established in 1911 in a case known as Dr. Miles, which…more
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