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Omissions Pleadings

Sixth Circuit Narrows Collective-Knowledge For PSLRA Scienter

by Burr & Forman on

The US Sixth Circuit last week narrowed its standard for adequately pleading scienter in PSLRA cases using a collective-knowledge theory to impute knowledge to a corporate defendant from among various employees. In Omnicare,...more

Second Circuit Addresses Materiality of Alleged Omissions at the Pleading Stage

by Shearman & Sterling LLP on

Earlier this week, the United States Court of Appeals for the Second Circuit issued a noteworthy decision regarding the standard for judging the materiality of alleged omissions in a class action lawsuit brought under Section...more

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Cybersecurity

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