Securities Litigation

Emptores Caveant! Buyer Liability In Securities Offerings

by Keith Paul Bishop | Allen Matkins Leck Gamble Mallory & Natsis... on 4/18/2013

Much of the focus of securities litigation is on the liability of sellers, but what about buyers? Can buyers prevaricate with impunity?...more

E&Y “State Secrets” Case Kicks Off in Hong Kong – But a Long Way to Go

by Joan Hon, Veronica Siwang To | Reed Smith on 4/4/2013

Evidence kicked off last week on March 27-28, in the highly anticipated case brought by Hong Kong's Securities and Futures Commission ("SFC") against Ernst & Young Hong Kong ("E&Y") over its failure to adequately respond to...more

Second Take on Amgen: Defense Arguments Largely Intact, Even in Overruled Circuits

by Claire Davis | Lane Powell PC - Securities / D&O Discourse on 3/29/2013

In our post in the immediate wake of the Supreme Court’s decision in Amgen Inc. v. Connecticut Retirement Plans, we concluded that rather than being a new threat to the defense of securities class actions, Amgen basically...more

First Take on Amgen Decision: Supreme Court “Basically” Endorses Status Quo

by Douglas W. Greene | Lane Powell PC - Securities / D&O Discourse on 2/28/2013

The Supreme Court released its anxiously awaited decision in Amgen Inc. v. Connecticut Retirement Plans yesterday. On the face of the decision, it was a loss for defendants in that case, and for companies everywhere that are...more

Supreme Court Holds That Securities Fraud Plaintiffs Do Not Have to Prove Materiality to Certify a Class

by Jordan Eth, Joel Haims, Kayvan Sadeghi | Morrison & Foerster LLP on 2/28/2013

The Supreme Court issued a much-anticipated decision today in Amgen Inc. v. Connecticut Retirement Plans and Trust Funds, No. 11-1085, 568 U.S. __ (2013), affirming the Ninth Circuit and holding that securities class action...more

Legal Alert: Supreme Court Decides Materiality Need Not Be Demonstrated for Class Certification

by Thomas Byrne, Thomas Curvin, Valerie Strong Sanders | Sutherland Asbill & Brennan LLP on 2/28/2013

This morning the United States Supreme Court affirmed class certification in Amgen, Inc. v. Connecticut Retirement Plans and Trust Funds , a securities fraud case. The question presented was whether plaintiffs seeking class...more

U.S. Supreme Court Rejects Need to Prove Materiality at Class-Certification Stage in Securities Class Actions

by Ann Ashton, Tanya Dmitronow, Ralph Ferrara, Sarah Gold, Gregg Mashberg, Jonathan Richman | Proskauer Rose LLP on 2/28/2013

The U.S. Supreme Court ruled on February 27, 2013 that a plaintiff need not prove materiality as a prerequisite to obtaining class certification in a securities class action. The Court's ruling in Amgen Inc. v. Connecticut...more

Cybersecurity: The Next Big Wave in Securities Litigation?

by King & Spalding on 2/24/2013

News broke this week about significant cybersecurity breaches at many U.S. corporations that raises the possibility of a new wave of SEC enforcement actions, class actions, and derivative lawsuits. A front page New York Times...more

Home

Legal News

Find a Lawyer

Browse Subjects

Subscribe

Pro Services

For Reporters