Gay Parks Rainville
March 24, 2009 | The Legal Intelligencer
3rd Circuit Decisions Gut Inquiry Notice Standard for Asserting Fraud ClaimsThe 3rd U.S. Circuit Court of Appeals' recent decisions in In re Merck & Co. Inc. Securities, Derivative & ERISA Litigation and Alaska Electrical Pension Fund v. Pharmacia Corp., illustrate an unintended consequence of the Private Securities Litigation Reform Act's, or PSLRA, heightened pleading requirements: an increase in the defendant's burden to show that a plaintiff's federal securities fraud claim is time
By Robert L. Hickok And Gay Parks Rainville
10 minute read
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