U.S. Supreme Court,
Securities
Mar. 5, 2014
High court focus on securities class actions
The U.S. Supreme Court recently granted review in a securities case; is set to hear arguments in another; and has just issued an opinion in a third.
Mark R.S. Foster
Partner
Morrison & Foerster LLP
425 Market St
San Francisco , CA 94105
Phone: (415) 268-6335
Email: mfoster@mofo.com
Mark is in the firm's San Francisco office. He defends public companies and their directors and officers in securities class actions, shareholder derivative lawsuits, and other proceedings.
The Supreme Court's spot light is on securities class actions. In the course of a week, it has granted review in one case to consider liability for statements of opinion; it has issued a decision in another case on whether a certain type of securities class action can proceed in state court; and it is now set to hear oral argument in a third case that may determine the future viability of securities class actions brought under Section 10(b) of the Securities Exchange Act of 1934, the ant...
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