The U.S. Supreme Court on Monday stopped short of ringing a death knell for securities fraud class actions, tinkering with but not reversing a precedent that business advocates wanted the court to overturn.
By a unanimous vote, the court increased the ability of defendants to rebut the presumptions that have allowed plaintiffs to mount class actions based on company misstatements.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
