President-elect Barack Obama is set to announce that he will nominate Mary Schapiro as the new Chairwoman of the Securities and Exchange Commission, according to the New York Times (here, registration required). Ms. Schapiro, who will be the first permanent …

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In recent weeks, the Supreme Court’s decision in Tellabs, Inc. v. Makor Issues & Rights, Ltd., 127 S.Ct. 2499 (2007), construing the PSLRA requirement of a “strong inference” of scienter, has resulted in the dismissal of what seems to be …

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