Year: 2008

This Week In Securities Litigation (November 21, 2008)

In securities litigation this week, there were two significant circuit court cases. The SEC filed two new enforcement actions, while receiving a largely adverse ruling in another. And, the Supreme Court agreed to hear an appeal in a criminal case

The Sixth Circuit Concludes That Tellabs Lowers Its Scienter Pleading Standard

The Tellabs decision, construing the PSLRA’s “strong inference” of scienter requirement, continues to have a significant impact on pleading requirements in securities damage actions. The Sixth Circuit is the latest circuit to conclude that the Supreme Court’s decision reduced the