U.S. Supreme Court
Feb. 25, 2016
Supreme Court ruling could curb 'stock drop' lawsuits
The Supreme Court issued a rare ruling in Amgen Inc. v. Harris, reversing without full briefing or oral argument a 9th Circuit decision. By Christopher Rillo
In Amgen Inc. v. Harris, 2016 DJDAR 796, decided Jan. 25, the U.S. Supreme Court reaffirmed its 2014 holding that high pleading standards with teeth attach to company stock actions. The court issued a rare summary disposition, reversing without full briefing or oral argument a 9th U.S. Circuit Court of Appeals decision that declined to apply Fifth Third Bancorp. v. Dudenhoeffer, 134 S. Ct. 2459 (2014).
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