Securities
May 20, 2017
Heightened securities fraud pleading standard
A recent ruling will likely make it more difficult to allege securities fraud claims based on allegedly false or misleading opinion statements.
Neal R. Marder
Partner
Akin, Gump, Strauss, Hauer & Feld LLP
1999 Avenue of the Stars Ste 600
Los Angeles , California 90067
Phone: (310) 728-3740
Email: nmarder@akingump.com
Loyola Law School Los Angeles
Neal works with in-house counsel, senior management and boards of directors for companies, oftentimes facing high-profile, bet-the-company business disputes. He also has substantial cross-border litigation experience.
Andrew S. Jick
Associate
Akin Gump Strauss Hauer & Feld LLP
Email: ajick@akingump.com
Andrew concentrates on complex commercial litigation with an emphasis on the defense of consumer and securities fraud class actions.
Kelly Ann Handschumacher
Kelly is an associate in the firm's litigation practice. Her experience includes securities fraud class action defense and other complex commercial litigation.
In City of Dearborn Heights Act 345 Police & Fire Retirement System v. Align Technology Inc, 2017 DJDAR 4267 (May 5, 2017), the 9th U.S. Circuit Court of Appeals affirmed the dismissal of a pension fund's securities fraud claims under Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5, holding that the plaintiff failed to satisfy the pleading requirements established by Omnicare, Inc. v. Laborers District Counsel Construction Industry Pension Fund, 13...
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