The SEC continues to expand the Galleon insider trading case, while the U.S. Attorney’s office rolls up more guilty pleas. SEC v. Galleon Management, LP, Civil Action No. 09-CV-8811 (S.D.N.Y.). In January, Anil Kumar pled guilty to one count of …

THE SEC CONTINUES TO EXPAND ITS GALLEON INSIDER TRADING CASE Read More »

In Dura Pharmaceuticals, Inc. Broudo, 544 U.S. 336 (2005), the Supreme Court reversed a decision upholding the adequacy of a securities class action complaint. The Court held that the complaint did not adequately plead loss causation, that is, the economic …

DEFINING WHAT IS NOT LOSS CAUSATION Read More »