Searching Content indexed under Finance and Banking by Michael Mugmon ordered by Published Date Descending.
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Meltdowns Crank Up Muni-Bond Litigation
Just in the last six months, the U.S. Securities and Exchange Commission has brought a series of groundbreaking cases alleging securities fraud by municipal bond issuers and public officials.
United States
27 Sep 2013
UPDATE: Lower Courts Interpret The Supreme Court's Decision In Janus Capital Group, Inc. v. First Derivative Traders
Last summer, the Supreme Court held in Janus Capital Group, Inc. v. First Derivative Traders, Inc. that a defendant may only be held be liable for securities fraud in a private action brought under Rule 10b-5(b) of the Securities Exchange Act of 1934 if it was the "maker" of a misstatement.
United States
12 Apr 2012
Supreme Court Curtails Ability Of Plaintiffs To Hold Secondary Actors Liable In Private Securities Fraud Actions
On June 13, 2011, mutual fund companies and "secondary actors" in the securities markets scored a major victory when the US Supreme Court ruled that aggrieved shareholders may seek relief under the securities laws only from the party with "ultimate authority" over a false statement.
United States
5 Jul 2011
Supreme Court Rejects Proving Loss Causation As A Requirement For Class Certification In Securities Fraud Class Actions
Last week, the Supreme Court handed a victory to securities class action plaintiffs for the second time this term by rejecting the United States Court of Appeals for the Fifth Circuit's unique requirement that securities plaintiffs must demonstrate "loss causation"—i.e., the causal link between an alleged securities fraud and plaintiffs' losses—as a predicate to class certification.
United States
20 Jun 2011
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