Month: July 2008

One theory of Dura loss causation is the fraud on the market theory. Under this theory, the specific fraud must be revealed. This is the basic theory in Dura. The court applied this theory in Tricontinental Ind. v. PWC, 475 …

Part X: Securities Class Actions: Current And Emerging Trends Read More »

This week the SEC continued to focus on insider trading and option backdating. The Commission prevailed in an important decision by Ninth Circuit construing the breach of duty requirement in insider trading cases based on the misappropriation theory. It also …

This Week In Securities Litigation (July 3, 2008) Read More »