Month: September 2008

The SEC issued a rule yesterday regarding naked short selling as part of its efforts to quell the current market turmoil. In addition, the Commission filed a settled option backdating action that should serve as a warning to all outside …

A New Rule Regarding Naked Short Selling And A Warning to Outside Directors Read More »

The circuit courts continue to evolve their view of the Supreme Court’s test under Tellabs, Inc. v. Makor Issues & Rights, Ltd., 127 S. Ct. 2499 (2007), construing the PSLRA’s “strong inference” of scienter requirement. Last week, the Ninth Circuit …

Tellabs, Confidential Witnesses And The Eighth Circuit Read More »