Year: 2010

THIS WEEK IN SECURITIES LITIGATION (August 13, 2010)

On Capital Hill, discussions continue about the possible revision or repeal of the Section 9291 of Dodd-Frank, the SEC FOIA exemption discussed here. The SEC filed three related financial fraud actions this week, two of which are in litigation. The

WHEN THE TRUTH EMERGES, NO PRICE DROP EQUALS NO LOSS CAUATION

The Ninth Circuit upheld a ruling concluding that plaintiffs failed to establish loss causation in an action where the share price did not decline following the emergence of the truth in a Securities Act Section 12(2) action. Miller v. Thane

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