Litigation

Supreme Court Rules Against Scheme Liability in Stoneridge
The U.S. Supreme Court decided Stoneridge Investment Partners v. Scientific-Atlanta today, holding (5-3) that the plaintiff in a private securities fraud class action could not sue third parties who allegedly engaged in deceptive acts to further the corporation's securities fraud,...

Government Opposes "Scheme Liability" in Pending U.S. Supreme Court Case
            The U.S. Solicitor General has submitted an amicus curiae brief in a pending U.S. Supreme Court case, requesting that the Court narrow the scope of securities fraud claims so as not to encompass third party actors such as accountants, lawyers, and financial institutions...

Supreme Court Limits Securities Fraud Suits
A U.S. Supreme Court ruling has limited the ability of stockholders to sue third-party businesses -- including banks, accounting firms, and customers -- that may have played a role in facilitating a company's securities fraud...

Fisch on Causation in Federal Securities Fraud
Cause for Concern: Causation and Federal Securities Fraud, by Jill E. Fisch, University of Pennsylvania Law School, was recently posted on SSRN. Here is the abstract: The Supreme Court's decision in Dura Pharmaceuticals dramatically changed federal securities fraud litigation...

Poser on Securities Fraud
Securities Fraud and the Common Law, by Norman S. Poser, Brooklyn Law School, was recently posted on SSRN. Here is the abstract: In early cases, the federal courts held that securities fraud was not limited to common law fraud when...

Is criminal liability always narrower than civil liability
Is criminal liability always narrower than civil liability and should it be? In a paper recently posted on SSRN, Wendy Gerwick Couture suggests that, when it comes to securities fraud, criminal liability is more expansive than civil liability.

Selection of State Supreme Court Judges
How State Court Judges are Selected

California Supreme Court Proposition 8 Decision
Court Rejects Challenges to Proposition 8, but Finds Marriages Valid

Is Barack Obama a Natural Born Citizen?
Wrotnowski v. Bysiewicz (Supreme Court): Does Obama meet the constitutional requirements to be President

Unwed Fathers' Rights in Adoption
Landmark Cases in Adoption Law Shape Law with respect to Unwed Fathers

Law Enforcement and Criminal Justice Career Choices
Descriptions of law enforcement occupations

How to Skirt H-1B Regulations
Senator reacts to YouTube video

Brent Lemons
$1.3 million settlement in securities fraud lawsuit.

Securities Fraud
TOP Ships agrees to $1.2 million shareholder class action settlement.

Securities Settlement
GMH Trust Securities to pay $8.75 million in pending class action suit.

Common Stock Shareholders
LaBranche & Co. LLC agrees to $13 million securities fraud class action settlement.

Texron Inc TXT Securities Fraud
Texron Inc TXT

MGM Mirage MGM Securities Fraud
MGM Mirage MGM