Bill Lerach gave the best motion to dismiss oral argument I’ve ever seen. Using a stock-price chart with key events and allegations plotted along the alleged class period, he told the complaint’s story with a wooden pointer and his superb narrative skill. Far too often, plaintiffs’ and defense lawyers get bogged down in the nitty-gritty
Private Securities Litigation Reform Act
Is the Reform Act’s Safe Harbor Truly Safe?
By Doug Greene on
Posted in 9th Circuit, de-SPACs, Omnicare, Safe Harbor, SEC, Securities Class Action, SPACs, Statements of Opinion
The most frequent question I’ve been asked about the SEC’s proposed SPAC rules concerns the provision that would make unavailable the Private Securities Litigation Reform Act’s safe harbor for forward-looking statements with respect to de-SPAC transactions: would this change increase the risk that SPACs and de-SPACs face in securities litigation?
Not much. Public companies understandably…
Doug Greene and Kristin Beneski Assist Washington Legal Foundation with US Supreme Court Amicus Brief in Cyan Securities Class Action
By Doug Greene on
Posted in Securities Class Action, Supreme Court
Today, my colleague Kristin Beneski and I were honored to file a US Supreme Court amicus brief on behalf of the Washington Legal Foundation (“WLF”) in Cyan, Inc. v. Beaver County Employees Retirement Fund. In Cyan, the Supreme Court will decide whether state courts have jurisdiction over securities class actions alleging violations of the Securities Act of 1933, or if federal courts have exclusive jurisdiction. …
Continue Reading Doug Greene and Kristin Beneski Assist Washington Legal Foundation with US Supreme Court Amicus Brief in Cyan Securities Class Action