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SECURITIES FRAUD 

By: Pat Murphy
Published: January 10, 2011

Tags: securities fraud

Must securities plaintiffs suing under a “fraud on the market” theory establish loss causation at the time of class certification?

See “Justices to examine class certification in securities fraud case.”

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Justices to examine class certification in securities fraud case 

By: Pat Murphy
Published: January 10, 2011

Tags: class action, fraud on the market, securities fraud

The U.S. Supreme Court will decide whether a securities plaintiff must establish loss causation at the time of class certification when suing under a “fraud on the market” theory.

Supremes ponder service provider’s securities liability 

By: Kimberly Atkins
Published: December 7, 2010

Tags: primary actor, securities fraud, Stoneridge, Supreme Court

WASHINGTON – The justices of the U.S. Supreme Court grappled with the question of whether a claim may be stated against a service management company for alleged securities violations of the mutual funds it sponsors.

Court to consider parent company’s securities liability 

By: Kimberly Atkins
Published: July 1, 2010

Tags: Securities Exchange Act, securities fraud

The U.S. Supreme Court has agreed to consider whether a parent company can be held liable under federal securities law for violations committed by a wholly-owned subsidiary.

SECURITIES FRAUD 

By: Kimberly Atkins
Published: June 28, 2010

Tags: Securities Exchange Act, securities fraud

Is a parent company liable under federal securities law for violations committed by a wholly-owned subsidiary?

See “Court to consider parent company’s securities liability”

Janus Capital Group v. First Derivative Traders, No. 09-525.  Certiorari granted June 28, 2010. Ruling below: 566 F.3d 111 (4th Cir. 2009).

Outside counsel not liable for securities fraud 

By: Pat Murphy
Published: April 30, 2010

Tags: outside counsel, Securities and Exchange Commission Rule 10b-5, Securities Exchange Act, securities fraud

A corporation’s outside counsel could not be held secondarily liable for false statements attributed to the client that investors relied upon, the 2nd Circuit has ruled in affirming a dismissal.