Securities
Dec. 20, 2005
Top Court Takes Up Securities Issue of 'Holder' Class Actions
Focus Column - By Peter M. Stone and Jay C. Gandhi - Having not reviewed an issue concerning private securities litigation for more than a decade, last year the U.S. Supreme Court granted a petition for writ of certiorari and decided Dura Pharmaceuticals v. Broudo , 125 S.Ct. 1627 (2005). In Dura , the Supreme Court reversed a 9th U.S. Circuit Court of Appeals decision regarding loss causation and established a more stringent standard of proof for securities cases.
By Peter M. Stone and Jay C. Gandhi
Having not reviewed an issue concerning private securities litigation for more than a decade, last year the U.S. Supreme Court granted a petition for writ of certiorari and decided...
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