WASHINGTON, D.C. — (Mealey’s) The U.S. Supreme Court today agreed to hear an appeal of a Third Circuit U.S. Court of Appeals ruling remanding a securities class action lawsuit over the alleged illegal “naked” short selling of a...
The United States Supreme Court will meet last week to decide whether to hear the dispute over the calculation of victim losses stemming from Bernard Madoff's $65 billion Ponzi scheme. The court-appointed trustee, Irving Picard, has notched several...
WASHINGTON, D.C. — (Mealey’s) The U.S. Supreme Court today declined review of a Second Circuit U.S. Court of Appeals ruling overturning the conviction of two portfolio managers alleged to have engaged in an insider trading scheme ( United...
The Supreme Court defined the circumstances under which liability can be imposed for opinion statements under Securities Act Section 11. Specifically, the Court held that such liability could be imposed on two theories: One focuses “on what the...
Next month the Supreme Court will hear argument in Halliburton Co. v. Erica P. John Fund, Inc., No. 13-317 for the second time. The first time the High Court held that a securities law plaintiff need not establish loss causation at the class certification...
The Supreme Court rejected the approaches of two Circuit
Courts to tolling the limitation period for bringing an Exchange Act Section
16(b) claim while failing to decide if that period can be tolled. The High
Court rejected the conclusion of the Ninth...
On Wednesday, March 5, 2014 the Supreme Court will hear argument in Halliburton Co. v. Erica P. John Fund, Inc., No. 13-317 [ an enhanced version of the Fifth Circuit opinion appealed from is available to lexis.com subscribers ] . The case has the potential...
WASHINGTON, D.C. — (Mealey’s) The U.S. Supreme Court on March 24 reversed and remanded a Sixth Circuit U.S. Court of Appeals opinion in a securities class action lawsuit that determined that a company’s executive officers may be held...
WASHINGTON, D.C. — (Mealey’s) Attorneys for Latin American investors in Stanford International Bank (SIB) and SIB’s insurance brokers and lawyers asked the U.S. Supreme Court on Oct. 7 to determine whether the Securities Litigation Uniform...
WASHINGTON, D.C. — (Mealey’s) The U.S.
Supreme Court on May 24 unanimously held that conduct by the National
Football League, its 32 teams and the clubs’ wholly owned licensing
company in granting an exclusive license to Reebok...
WASHINGTON, D.C. — (Mealey’s) The U.S. Supreme Court today agreed to hear an appeal in a securities class action lawsuit, challenging whether a shareholder may allege only that a statement of opinion was objectively wrong under Section 11...
James R. McGibbon,
Carla Wong McMillian, Jeffrey P. Bialos, Steuart H. Thomsen
In American Needle, Inc. v. National
Football League , 560 U.S. __ (2010), the Supreme Court unanimously held
that teams in the National Football League and a corporate...
The Supreme Court agreed to hear another securities law
case. The case arises out of the litigation surrounding the Allen Stanford
Ponzi scheme and involves the application of the Securities Litigation Uniform
Standards Act or SLUSA. That Act generally...
The Supreme Court rejected the
efforts of the Securities and Exchange Commission ("SEC") effort to
extend the five-year statute of limitations for imposing a civil penalty by
engrafting a discovery exception onto the statute....
In the valedictory antitrust opinion of Justice John Paul
Stevens, joined by all eight other justices, the Supreme Court held on May 24, 2010, in American Needle, Inc. v.
National Football League , et al., that collective licensing activities of member...