Month: September 2011

The Sixth Circuit Court of Appeals affirmed the dismissal of a securities class action tied to the market crisis and brought against three mutual funds issued by Morgan Keegan Select Fund, Inc., an open-ended investment company. Atkinson v. Morgan Asset …

CLASS ACTION DISMISSED BASED ON SLUSA Read More »

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Primary liability in a Section 10(b)-5(b) false statement case was defined by the Supreme Court in terms of control and authority over the statement in Janus capital Group, Inc. v. First derivative Traders, 131 S.Ct. 2296 (2011). Closely parsing the …

PRIMARY LIABILITY UNDER RULE 10b-5 Read More »

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