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Amgen Securities Exchange Act

Latham & Watkins LLP

Not So Basic Supreme Court to Revisit the Fraud-­on-­the Market Presumption of Reliance

Latham & Watkins LLP on

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

BakerHostetler

Basic Is Anything But: Courts Continue to Wrangle with the Fraud-on-the-Market Presumption

BakerHostetler on

It has been 25 years since the Supreme Court announced the fraud-on-the-market presumption of reliance in Basic Inc. v. Levinson, 485 U.S. 224 (1988). Yet many courts, including the Supreme Court itself, continue to struggle...more

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