Video
Feb. 8, 2014
VIDEO: 'Fraud on the market' is Basically over
The presumption of reliance theory is under attack, and without it securities fraud class actions will go the way of the Dodo bird. By Ramzi Abadou
In Amgen v. Conn. Ret. Plans & Trust Funds (2013), four members of the U.S. Supreme Court asked a corporation facing a securities fraud class action to bring them a case to eradicate this type of litigation altogether. Justices Antonin Scalia, Clarence Thomas, Anthony Kennedy and Samuel Alito (the "Amgen Four") wanted a vehicle for re-examining the cornerstone of securities fraud class action litigation - Basic v. Le...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In