Year: 2007

The Week In Review: An Old Case is Resolved While Everyone Argues in Stoneridge – Except the SEC

Significant events last week in SEC securities litigation focused on the resolution of an old case and continued silence from the SEC on Stoneridge.  First, the old case.   On August 15, 2007, the SEC finally settled with former McKesson Corp.

LIABILITY IN SECURITIES FRAUD DAMAGE ACTIONS: Part XII: Section 21D(b)(2) Emerges From Hearings Detailing Abusive Litigation

The split among the circuits over how to plead scienter, coupled with the legislative hearings which detailed abuses in bringing private securities damage actions, spawned the requirement to plead a “strong inference” of scienter incorporated in Section 21D(b)(2) of the