The Senate Judiciary Committee heard testimony regarding proposed legislation to amend the honest services fraud statute in the wake of the Supreme Court’s decision last term in Skilling v. U.S., 130 S. Ct. 2896 (2010)(here). There, the Court limited the …

CONGRESS CONSIDERS REVAMPING HONEST SERVICES FRAUD Read More »

The Sixth Circuit addressed the liability of an outside auditor named as a primary violator in a securities fraud action in Louisiana School Employees’ Retirement System v. Ernst & Young, LLP, No. 08-6194 (6th Cir. Decided Sept. 22, 2010). There, …

PLEADING SCIENTER AGAINST AN OUTSIDE AUDITOR Read More »