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
states
supreme
united
Found more than 1 month ago on channel
Mondaq
FINRA fines Merrill $1 million for best-execution lapses
A Wall Street regulator on Tuesday said it had fined Bank of America Corp's Merrill Lynch $1 million in a civil action for not getting the best execution price for customer transactions involving non-convertible preferred securities and failing to properly supervise the process.
action
america corp
execution
finra
lynch
merrill
million
securities
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transactions
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Found more than 1 month ago on channel
Reuters
United States: Seventh Circuit Affirms Dismissal Of Securities Fraud Class Action, Remanding Question Of Sanctions Against Plaintiffs' Counsel - Sheppard Mullin Richter & Hampton
In a recent ruling the United States Court of Appeals for the Seventh Circuit affirmed the dismissal of a securities fraud class action against the Boeing Company and remanded the question of whether sanctions under Rule 11 of the Federal Rules of Civil Procedure should be levied against plaintiffs’ counsel after allegations attributed to a confidential witness, which initially saved the case from dismissal, were later denied by the witness.
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allegations
appeals
boeing
circuit
civil
court
federal
hampton
mullin richter
procedure
questions
sanctions
securities
seventh
sheppard
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witness
Found more than 1 month ago on channel
Mondaq
United States: The Fact Pattern Behind The Boeing Class Action Grounding - Foley & Lardner
The Seventh Circuit several years ago questioned its ability to rely on confidential witness allegations in securities class actions governed by the Private Securities Litigation Reform Act.
ability
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allegations
boeing
circuit
foley
lardner
litigation
securities
seventh
states
united
witness
Found more than 1 month ago on channel
Mondaq
United States: Two Recent SEC No Action Letters Establish Standards For Crowdsourcing Online Platforms Limited To "Accredited Investors" To Avoid Registration As A Broker-Dealer - Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
In two recent no action letters, the Securities and Exchange Commission granted no action relief for two venture capital online funding platforms, allowing them to avoid registering as broker-dealers under the Securities Exchange Act of 1934 even though their affiliates will receive some compensation in the form of a carried interest.
act
action
cohn
commission
compensation
exchange
ferris
glovsky
levin
limited
mintz
popeo
registration
sec
securities
states
united
Found more than 1 month ago on channel
Mondaq