The Commission filed its amicus curiae brief in Matrixx Initiatives, Inc. v. Siracusano , No. 09-1156 (S.Ct.), one of two securities cases the Supreme Court will hear this term. Matrixx centers on the proper test of materiality at the pleading stage... Read More

The Ninth Circuit's discussion of scienter in Siracusano raises questions regarding the effect of product liability claims on plaintiffs' ability to plead defendants' "knowledge" of the alleged facts underlying those lawsuits. Practitioners... Read More

In a much anticipated ruling in the Amgen securities class action litigation, the U.S. Supreme Court, in a 6-3 majority opinion written by Justice Ginsburg, held that a securities plaintiff is not required to prove that the allegedly misleading statements... Read More