Securities Law Blog Roundup

Blog Roundup: The latest posts from securities law related blogs:

SECLaw.com:
 

The Securities and Exchange Commission today announced awards of approximately $40 million to two whistleblowers whose information and assistance contributed to the success of an SEC enforcement......
The Securities and Exchange Commission today reopened the comment period on proposed rules for listing standards for the recovery of erroneously awarded compensation.  “I support today’s action...
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The Securities and Exchange Commission today adopted amendments to modernize filing fee disclosure and payment methods. Operating companies and investment companies (funds) pay filing fees when...
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The Securities and Exchange Commission today charged CanaFarma Hemp Products Corp. and its co-founders with fraudulently raising approximately $15 million from investors, and misappropriating a...
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The Securities and Exchange Commission today announced that it will highlight investor education and protection resources during World Investor Week 2021 (WIW). This marks the fifth year of WIW, a....

Business Law Professor:

Earlier this year, Transactions: The Tennessee Journal of Business Law, published papers presented at the 2020 Connecting the Threads IV symposium, held on Zoom just about a year ago. Back in July,...
This week, I continue in my series of posts about controlling shareholders (prior posts here, here, here, here, here, here, here, here, here, and here) to call your attention to Patel v. Duncan, de...
Can "hypermaterial" public information about a stock render the company's (once material) nonpublic internal data immaterial? Consider the following scenario involving social-media-driven trading i...
For BLPB readers interested in financial market infrastructures (FMIs), there’s something new and exciting to put on your fall reading list! Don’t wait too long. Comments on the new CPMI-IOSCO Cons...
The University of Miami is accepting applications for a tenure-track faculty position within the Business Law Department at the Patti and Allan Herbert School of Business (MHBS) commencing August 1...

10b-5 Daily:

The 10b-5 Daily

News and events related to securities class action litigation. Containing all facts, with particularity, and an occasional dose of commentary.

A securities opinion written by Judge Easterbrook of the U.S. Court of Appeals for the Seventh Circuit is bound to be noteworthy.  And his latest effort – City of Taylor Police and Fire Retirement System v. Zebra Technologies Corp., 8 … Continue reading
Author: Lyle Roberts
Posted: October 1, 2021, 7:59 pm
A recent decision by the U.S. Court of Appeals for the Ninth Circuit offers potential lessons for both companies and their securities defense counsel.  In In re Alphabet, Inc. Sec. Lit., 1 F.4th 687 (9th Cir. 2021), the plaintiffs alleged that … Continue reading
Author: Lyle Roberts
Posted: August 5, 2021, 9:30 pm
The U.S. Supreme Court has issued a decision in the Goldman Sachs v. Arkansas case.  As predicted, it is a narrow opinion (a) clarifying that courts can and should take the generic nature of the alleged misstatements into account when … Continue reading
Author: Lyle Roberts
Posted: June 22, 2021, 1:36 am
The author of The 10b-5 Daily (Lyle Roberts) wrote an op-ed last year arguing that the Insider Trading Prohibition Act passed by the House of Representatives was severely flawed. The bill went to the Senate, but died from deserved inaction. … Continue reading
Author: Lyle Roberts
Posted: June 4, 2021, 4:17 pm
It has been over fifteen years since the U.S. Supreme Court’s decision in Dura Pharmaceuticals v. Broudo, where the Court held that plaintiffs in securities fraud cases must plead and prove loss causation. In the interim, the lower courts have … Continue reading
Author: Lyle Roberts
Posted: April 30, 2021, 5:29 pm
In 2005, the U.S. Supreme Court decided Dura Pharmaceuticals v. Broudo, where it held that plaintiffs in a securities fraud case must plead and prove that there was a causal connection between the alleged misrepresentations and the subsequent decline in … Continue reading
Author: Lyle Roberts
Posted: April 14, 2021, 2:02 pm
On Monday, the U.S. Supreme Court heard oral argument in the Goldman Sachs v. Arkansas case, which addresses issues related to class certification in securities cases. To certify a class on behalf of all investors who purchased shares during the … Continue reading
Author: Lyle Roberts
Posted: March 31, 2021, 5:24 pm
The 10b-5 Daily should have known better than to call a securities decision “rare.”  For the second time in a month, an applicant with the third-highest claimed damages has been appointed lead plaintiff in a securities class action.  The reasoning … Continue reading
Author: Lyle Roberts
Posted: March 18, 2021, 7:37 pm
Under the PSLRA, the presumptive lead plaintiff in a securities class action is the applicant with the “largest financial interest in the relief sought by the class.”  The largest financial interest is measured by assessing the approximate losses suffered and, … Continue reading
Author: Lyle Roberts
Posted: February 26, 2021, 9:35 pm
The U.S. Supreme Court is set to hear Goldman Sachs v. Arkansas next month (oral argument is scheduled for March 29).  The questions presented in the case are: (1) Whether a defendant in a securities class action may rebut the … Continue reading
Author: Lyle Roberts
Posted: February 12, 2021, 9:44 pm

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