U.S. Court of Appeals for the 9th Circuit
Jun. 23, 2007
Ruling Raises Shareholders' Suit Standards
WASHINGTON - The U.S. Supreme Court on Thursday imposed new pleading requirements for shareholders trying to sue public companies for securities fraud, a decision that could make it tougher for some investors to make it to trial.
Daily Journal Staff Writer
WASHINGTON - The U.S. Supreme Court on Thursday imposed new pleading requirements for shareholders trying to sue public companies for securities fraud, a decision that could make it tougher for some investors to make it to trial.
The court's ruling was a win for the business community, though the justices did not set the pleading bar as h...
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