The unanimous opinion requires shareholder plaintiffs to plead and prove that they purchased shares traceable to an allegedly false or misleading registration statement.
On June 1, 2023, the US Supreme Court issued its...more
6/7/2023
/ Class Action ,
Direct Listing ,
Initial Public Offering (IPO) ,
Judicial Interpretation ,
Misleading Statements ,
Registration Statement ,
SCOTUS ,
Section 11 ,
Securities Act of 1933 ,
Shareholder Litigation ,
Slack Technologies Inc v Pirani ,
Split of Authority
Recent statements by regulators and new court decisions signal continued scrutiny of SPACs and operating companies going public through de-SPAC mergers.
Key Points:
..The SEC has indicated that it will continue its...more
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