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August 27, 2024 | The Legal Intelligencer

High Stakes in High Court: Supreme Court to Clarify Securities Fraud Pleading Requirements for Falsity and Scienter

This June, the U.S. Supreme Court granted certiorari in two cases that will answer this question, NVIDIA v. E. Ohman J:or Fonder AB and Facebook v. Amalgamated Bank. These cases present the court with an opportunity to resolve significant circuit splits on pleading requirements under the Private Securities Litigation Reform Act of 1995 (PSLRA), a statute enacted to deter frivolous securities lawsuits and abusive litigation practices.
6 minute read
August 21, 2024 | National Law Journal

Facebook, Nvidia Make High Court Case Against Investor Suits

The tech giants have filed briefs urging the justices to close the "floodgates" of securities lawsuits the companies claim have been opened by the U.S. Court of Appeals for the Ninth Circuit.
6 minute read
June 17, 2024 | National Law Journal

Supreme Court Takes Up NVIDIA Stock-Drop Appeal

The legal question in the case deals with the pleading standard plaintiffs must meet under the 1995 Private Securities Litigation Reform Act, which was enacted to deter frivolous securities lawsuits.
4 minute read
June 10, 2024 | National Law Journal

Supreme Court Takes Up Facebook's Appeal of Investors' User Data Scandal Suit

The question before the justices is whether public companies must disclose on Form 10-K to the U.S. Securities and Exchange Commission any risk that has occurred even if that event "presents no known risk of ongoing or future business harm."
3 minute read
March 14, 2024 | Texas Lawyer

Patent Owners Slap 20 Lawsuits on Banks Across Texas Courts

Citigroup Inc., Capital One Financial Corp., JPMorgan Chase Bank N.A., Regions Bank, Truist Financial Corp., are among the 13 banks being sued by Innomemory LLC in the Western and Eastern Districts of Texas.
5 minute read
March 07, 2024 | National Law Journal

Facebook, NVIDIA Take Stock-Drop Appeals to Supreme Court

Both cases involve the plaintiffs' heightened pleading requirements that resulted from the 1995 Private Securities Litigation Reform Act.
4 minute read
November 30, 2022 | Daily Business Review

Banks Devising Ways to ID Mass Shooters Before They Strike

Some conservative policymakers have said they're concerned lenders will use the data to create an unofficial list of firearm owners in the U.S., which certain government agencies are prohibited from doing.
3 minute read
September 07, 2022 | Daily Business Review

JPMorgan Product Reveals Wall Street's Shifting Views on ESG

JPMorgan Chase & Co. has teamed up with software firm Datamaran to develop a data-analysis tool for clients to gauge not just the environmental, social and governance risks facing portfolio companies, but also the ESG risks that such assets pose to the world around them.
4 minute read
March 09, 2020 | Insurance Coverage Law Center

State Farm Mut. Auto. Ins. Co. v. Parisien

In his Insurance Fraud column, Evan H. Krinick discusses two cases that have the potential to significantly affect the ability of insurance companies to fight no-fault insurance fraud in New York.
45 minute read
December 10, 2019 | Insurance Coverage Law Center

National Compressor Exh. Inc. v. Hanover Ins. Co. Inc.

Click Here for ICLC Expert Analysis National Compressor Exch., Inc. v Hanover Ins. Co. Inc. 2019 N.Y. Misc. LEXIS 6370 Supreme Court of New York,…
13 minute read

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