Securities Law Blog Roundup

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

SECLaw.com:
 

The Securities and Exchange Commission today charged Eagle Bancorp, Inc., based in Bethesda, Maryland, and its former Chief Executive Officer and Chairman of the Board, Ronald D. Paul, with neglige...
The Securities and Exchange Commission today charged 18 individuals and entities for their roles in a fraudulent scheme in which dozens of online retail brokerage accounts were hacked and improperl...
The Securities and Exchange Commission today announced that Monique C. Winkler has been named Regional Director of the San Francisco Regional Office. Ms. Winkler has served as the office’s Acting R...
The Securities and Exchange Commission today announced that Nicholas P. Grippo has been named Regional Director of the Philadelphia Regional Office, effective September 12, 2022. Mr. Grippo current...
The Securities and Exchange Commission today announced that Lori H. Price has been named Director of the Office of Credit Ratings (OCR), effective Aug. 14, 2022. She has served as Acting Director s...

Business Law Professor:

I am back in the classroom teaching Business Associations (year 23 of teaching) on Wednesday. As I was reviewing my course objective for the course this year, I wondered how different my learning o...
Hi, so first, if you're reading this, you probably already noticed, but for what it's worth, it appears that email notifications of new posts have entirely stopped. So, if you've been following us ...
Tulane University Law School seeks candidates in a variety of specialties including, but not limited to, Constitutional Law; Race and The Law; Racial Justice; and Critical Race Theory, for a positi...
Financial Restructuring Roundtable Call for Papers The Financial Restructuring Roundtable (formerly the West Coast Bankruptcy Roundtable) will be held in person on April 6, 2023 in New York City. S...
Seton Hall University School of Law welcomes applications for tenure-track positions to begin July 1, 2023. Candidates must have a J.D. or equivalent degree and a record of academic excellence. Can...

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.

Can allegations in a short seller report, even if the report’s issuance coincides with a stock price decline, form a basis for asserting loss causation?  In its 2020 decision in In re BofI Securities Lit., the U.S. Court of Appeals … Continue reading
Author: Lyle Roberts
Posted: July 7, 2022, 3:29 pm
Securities class actions based on corporate financial disclosures, which used to form the backbone of securities litigation, have been declining.  Instead, in recent years the plaintiffs’ bar has turned its focus to “event-driven” securities litigation, bringing securities class actions based … Continue reading
Author: Lyle Roberts
Posted: May 6, 2022, 10:07 pm
A key issue in securities fraud litigation is when, and under what circumstances, a company has a duty to tell investors about material corporate developments. In Weston Family Partnership LLP v. Twitter, 2022 WL 853252 (9th Cir. March 23, 2022), … Continue reading
Author: Lyle Roberts
Posted: April 8, 2022, 3:02 pm
NERA Economic Consulting and Cornerstone Research have released their respective 2021 annual reports on federal securities class action filings.  As usual, the different methodologies employed by the two organizations have led to slightly different numbers, although they both identify the same general … Continue reading
Author: Lyle Roberts
Posted: March 2, 2022, 1:58 am
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

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