On Capital Hill, discussions continue about the possible revision or repeal of the Section 9291 of Dodd-Frank, the SEC FOIA exemption discussed here. The SEC filed three related financial fraud actions this week, two of which are in litigation. The …

THIS WEEK IN SECURITIES LITIGATION (August 13, 2010) Read More »

The Ninth Circuit upheld a ruling concluding that plaintiffs failed to establish loss causation in an action where the share price did not decline following the emergence of the truth in a Securities Act Section 12(2) action. Miller v. Thane …

WHEN THE TRUTH EMERGES, NO PRICE DROP EQUALS NO LOSS CAUATION Read More »