Litigation

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High Court: Investors Properly Pleaded Materiality In Securities Class Action Suit
Posted on 23 Mar 2011 by Timothy Raub

WASHINGTON, D.C. - (Mealey's) The U.S. Supreme Court on March 22 unanimously affirmed that shareholders of a drug maker properly showed that the drug maker violated federal securities law by failing to disclose that one of its products caused adverse... Read More

High Court Hears Oral Argument In Securities Fraud Class Action
Posted on 6 Mar 2014 by LexisNexis Legal Newsroom Staff

WASHINGTON, D.C. — (Mealey’s) The U.S. Supreme Court on March 5 heard oral arguments in a securities class action lawsuit seeking a determination as to whether the Supreme Court should overturn or limit its holding in Basic Inc. v. Levinson... Read More

The Week In Securities Litigation: Supreme Court Hears Significant Securities Case, SEC Files 3 Actions
Posted on 9 Nov 2012 by Thomas O. Gorman

The Supreme Court heard argument in a significant securities case this week. The question the High Court will resolve later this term is whether a securities law plaintiff relying on the fraud-on-the-market theory must, at the class certification stage... Read More