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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frank
fried
harris
jacobson
levinson
materiality
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presumption
reliance
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securities
shriver
states
supreme
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.
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amgen
connecticut
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defense
implications
jones
litigation
materiality
misrepresentation
opinion
retirement
securities
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supreme
united
Found 1 month ago on channel
Mondaq
United States: Class Action Issues In Supreme Court: Assessing The Significance Of "Amgen" - Cadwalader, Wickersham & Taft LLP
During the current term, the Supreme Court heard or will hear a number of cases bearing on a plaintiff's ability to successfully bring and maintain federal class action lawsuits.
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wickersham
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.
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canada
connecticut
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defence
discussion
evolution
llp
mccarthy tétrault
opinion
questions
retirement
securities
supreme
Found 1 month ago on channel
Mondaq
United States: Supreme Court's Decision Reshapes Class Certification For Future Securities Class Actions - Holland & Knight
On February 27, 2013, the U.S. Supreme Court addressed a long-standing circuit split on the issue of whether, when bringing a securities fraud class action under Section 10(b) of the Securities Exchange Act of 1934, a plaintiff must prove that the defendant's alleged misrepresentations are material at the class certification stage and whether a lack of materiality can be used by the defendant to rebut the "fraud-on-the-market" presumption of reliance.
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certification
court
decision
exchange
holland
knight
materiality
misrepresentation
presumption
reliance
section
securities
states
supreme
united
Found more than 1 month ago on channel
Mondaq