The Supreme Court’s decision in Tellabs, Inc. v. Makor Issues & Rights, Ltd., 127 S. Ct. 2499 (2007) is rooted in the language and history of Section 21D(b)(2) of the Reform Act.  That section adopted the “strong inference” language from …

LIABILITY IN SECURITIES FRAUD DAMAGE ACTIONS: Part XIII: The Circuit Courts Split Again Read More »

The Report by the Senate Finance Committee titled “The Firing of an SEC Attorney and the Investigation of Pequot Capital Management” is less than kind to the SEC and its Enforcement Division.  By all accounts, this is well deserved.  As …

The Fall Out From a Scandal: A New Round of Aggressive Insider Trading Cases? Read More »