United States: The Material Impact Of The Amgen Decision On D&O Insurance - Cozen O'Connor
In "Amgen, Inc. v. Connecticut Retirement Plans and Trust Funds" the U.S. Supreme Court affirmed the U.S. Court of Appeals for the 9th Circuit’s ruling that a securities class action plaintiff need not prove materiality of alleged misrepresentations or misleading omissions as a prerequisite to class certification.
action
amgen
appeals
certification
circuit
connecticut
connor
court
cozen
decision
insurance
materiality
misrepresentation
omission
retirement
securities
states
supreme
united
Found more than 1 month ago on channel
Mondaq
United States: Amgen: The Basic Problem - Fried Frank Harris Shriver & Jacobson
This week, in a 6 - 3 decision, the Supreme Court held that a plaintiff bringing a securities class action under Section 10(b) of the Exchange Act need not prove the materiality of the putative misstatement at the class certification stage to invoke the presumption of reliance established in Basic v. Levinson.
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action
amgen
certification
court
decision
exchange
frank
fried
harris
jacobson
levinson
materiality
misstatement
presumption
reliance
section
securities
shriver
states
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united
Found more than 1 month ago on channel
Mondaq
United States: Securities Litigation Defense Implications From The Supreme Court's Amgen Opinion - Jones Day
On February 27, 2013, the Supreme Court ruled in Amgen, Inc. v. Connecticut Retirement Plans and Trust Funds, No. 11-1085, that plaintiffs in a federal securities fraud action need not prove the materiality of an alleged misrepresentation to certify a class under the fraud-on-the-market theory.
action
amgen
connecticut
court
defense
implications
jones
litigation
materiality
misrepresentation
opinion
retirement
securities
states
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united
Found 1 month ago on channel
Mondaq
United States: Supreme Court Ruling Reverses Bad 9th Circuit Precedent On CAFA - Sheppard Mullin Richter & Hampton
On March 19, 2013, the U.S. Supreme Court handed down Standard Fire Insurance v. Knowles, a short, narrow, and unanimous opinion addressing removal of class actions to federal court under the Class Action Fairness Act ("CAFA").
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action
cafa
circuit
court
fairness
hampton
insurance
knowles
mullin richter
opinion
reverses
sheppard
standard
states
supreme
united
Found 1 month ago on channel
Mondaq
Canada: The Second Opinion: The U.S. Supreme Court Questions Fraud-On-The-Market - McCarthy Tétrault LLP
A discussion on the recent U.S. Supreme Court ruling in the Amgen Inc. v. Connecticut Retirement Plans & Trust Funds, a securities fraud class action which is an important milestone in the evolution of the defences to securities disclosure class actions in the U.S., and potentially in Canada too.
action
amgen
canada
connecticut
court
defence
discussion
evolution
llp
mccarthy tétrault
opinion
questions
retirement
securities
supreme
Found 1 month ago on channel
Mondaq