Highly anticipated opinion extends primary liability for securities fraud beyond the “maker” of false statements.
Key Points:
..The Court held that a defendant’s act of sending emails drafted by another, that the...more
4/3/2019
/ Appeals ,
Corporate Officers ,
Directors ,
Enforcement Actions ,
False Statements ,
Fines ,
Intent to Defraud ,
Investment Banks ,
Lorenzo v SEC ,
Misleading Statements ,
Publicly-Traded Companies ,
Rule 10b-5 ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Violations
Parties to pending securities fraud class actions may adjust litigation strategies, even before the Court revisits Basic’s presumption of investor reliance.
On Friday, November 15, 2013, the Supreme Court granted...more
11/27/2013
/ Amgen ,
Amgen Inc. v Connecticut Retirement Plans ,
Basic v Levinson ,
Class Action ,
Class Certification ,
Fraud-on-the-Market ,
Halliburton ,
Halliburton v Erica P. John Fund ,
Loss Causation ,
Reasonable Reliance Claims ,
Rebuttable Presumptions ,
SCOTUS ,
Securities Exchange Act ,
Securities Fraud