Securities Law Blog Roundup

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

SECLaw.com:
 

The Securities and Exchange Commission today announced three awards totaling more than $40 million to four whistleblowers who provided information and assistance in three separate covered actions. ...
The Securities and Exchange Commission is seeking candidates for appointment to the Investor Advisory Committee to help protect investors and improve securities regulations. The committee was...

R...
 From CNN: https://www.cnn.com/2022/01/14/investing/premarket-stocks-trading/index.htmlTech stocks have been plunging as Wall Street obsesses over the Federal Reserve's next moves and how...

Read ...
The Securities and Exchange Commission today announced two awards totaling more than $4 million to whistleblowers who provided information and assistance in two separate covered actions. In the fir...
Bill Singer posts about the overkill by FINRA Enforcement in obtaining a default order against an 89 year old registered representative who had been out of the business for 17 months. No one...

...

Business Law Professor:

This morning, my inbox included a link to: Christina Parajon Skinner, Cancelling Capitalism? Grow the Pie: How Great Companies Deliver Both Purpose and Profit …, 97 Notre Dame L. Rev. 417 (2021) [S...
This week, it was announced that Microso...
We just finished our first week of class for the spring semester! It was a busy several days (as I would imagine the first week of the semester tends to be for all!). As I returned to teaching mode...
There is an interesting new paper, Misconduct Synergies, by Heather Tookes and Emmanuel Yimfor, which was recently the subject of a Business Scholarship Podcast. The paper looks at misconduct at re...
The Drexel University Thomas R. Kline School of Law invites applications for a two Visiting Assistant Professor positions. One position is dedicated to a faculty member who will teach and research ...

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.

SEC Rule 10b5-1, put into place in 2000, establishes that a person’s purchase or sale of securities is not “on the basis of” material nonpublic information if, before becoming aware of the information, the person enters into a binding contract, … Continue reading
Author: Lyle Roberts
Posted: January 7, 2022, 8:29 pm
In securities class actions, plaintiffs often take a shotgun approach and allege that the defendants made numerous false statements throughout the putative class period.  Whether that helps avoid dismissal, however, is an open question. In City of Plantation Police Officers Pension … Continue reading
Author: Lyle Roberts
Posted: November 28, 2021, 9:01 pm
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

Related Sites

The Securities Law Blog

Securities Lawyer