As the insider trading trial of a former Goldman director continued in Manhattan, another insider trading probe moved to the playing field, according to a Reuters report. The probe reportedly focuses on a prominent retired baseball player and other athletes. …
THIS WEEK IN SECURITIES LITIGATION (Week ending June 8, 2012) Read More »
The Ninth Circuit joined the Third and the Seventh in concluding that at the class certification stage plaintiffs in a securities fraud damage action need not prove materiality to utilize the fraud-on-the market. Three other circuits take a contrary view. …
A CIRCUIT SPLIT ON CLASS CERTIFICATION IN SECURITIES FRAUD CASES Read More »