Year: 2008

This Week In Securities Litigation (September 12, 2008)

This week, the Securities Act of 2008 moved one step closer to passage by moving through the House. At the same time, DOJ brought another FCPA bribery case, Apple resolved derivative litigation based on option backdating and the court tentatively

Loss Causation Under Dura: A Possible Split Among The Circuits

The Fifth Circuit recently dismissed a class action securities complaint for failure to adequately plead loss causation as required by Dura Pharm. Inc. v. Broudo, 544 U.S. 336 (2005) (discussed here). Catogas v. Cyberonics, Inc., No. 07-20787 (5th Cir. Sept.