Accounting and financial fraud cases are an SEC priority. The cases, however, are being brought by the private bar as class actions. The number of accounting class actions filed last year increased by 47% compared to the prior year despite …
Accounting Cases – An SEC Priority, But The Cases Being Filed are Class Actions Read More »
The Supreme Court handed down the Omnicare decision on Securities Act Section 11 liability for opinion statements this week. In a judgment joined by all nine Justices the Court reversed the Sixth Circuit, concluding that opinion statements in a registration …
This Week In Securities Litigation (Week ending March 27, 2015) Read More »