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Waiting On The Supreme Court (1) The "group pleading" doctrine allows plaintiffs to rely on a presumption that statements in corporate documents are the collective work of individuals with direct involvement in the everyday business of the company. In its Tellabs decision, the U.S. Supreme...
More NAB Developments The respondents have filed their brief in the National Australia Bank case pending before the U.S. Supreme Court. The case concerns the extraterritorial application of the antifraud provisions of the federal securities laws. Links to all of the briefs filed...
The Halliburton Odyssey One of the very first posts on this blog, way back in May 2003, was about the Halliburton securities class action settlement. Who knew what was to come? The judge recused himself, the settlement was eventually rejected, the lead plaintiff...
Vivendi Verdict The big news today is the plaintiffs' victory in the Vivendi trial. A few key points about the verdict have already emerged: (1) The jury agreed with the plaintiffs that Vivendi made 57 false or misleading statements concerning its financial...
