The 10b-5 Daily
"The 10b-5 Daily is devoted to tracking news and events relating to securities class actions brought on behalf of investors against companies, with an emphasis on judicial developments. ... Although the author of The 10b-5 Daily represents the defendants in these cases, the weblog is designed to be a general resource and cooperative effort. Many of The 10b-5 Daily's readers and contributors are attorneys who work in plaintiffs' firms."
Author: Lyle Roberts is a Washington, D.C. lawyer. He is a partner with LeBoeuf, Lamb, Greene & MacRae.
Blawg Related Categories: Corporate Law • Corporate Compliance • Securities Law • Partner • Business Law
Recent Posts from The 10b-5 Daily
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Bar Orders And Loss Causation
There have been two recent appellate decisions of note. (1) In In re HealthSouth Corp. Sec. Litig., 2009 WL 1675398 (11th Cir. June 17, 2009), the court addressed the scope of the judicial bar order…
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Around The Web
A couple of interesting items from around the web. (1) Will the government's role in the credit crisis limit the scope of private litigation? The Blog of the Legal Times has a post on the…
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Overcoming Adversity
It's not over until it's over. Last September, it certainly looked bleak for the defendants in the Oracle securities class action pending in the N.D. of California. The court found that the defendants had improperly…
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The Safe Harbor At Work
The PSLRA's safe harbor for forward-looking statements has a checkered history in the courts, with some judges refusing to apply it as written. It is therefore worth noting a decision that relies entirely on the…
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Two From The NYLJ
The New York Law Journal has had two recent columns on securities litigation topics. (1) In "Revisiting the Limitations Period For Securities Fraud" (June 10 edition), the authors discuss the Supreme Court's decision to hear…
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Marvell Technology Settles
Marvell Technology Group Ltd. (NASDAQ: MRVL), a Santa Clara-based developer of of storage, communications and consumer silicon solutions, has announced the preliminary settlement of the securities class action pending against the company in the N.D.…
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Intervening Events and Phantom Stocks
The U.S. Court of Appeals for the Second Circuit has held that where there has been a market-wide downturn in a particular industry, a plaintiff must plead facts which, if proven, would show that its…
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What's Next?
After the U.S. Supreme Court gets done with the statute of limitations, will it turn to the issue of foreign-cubed cases? Bloomberg reports that the Court has asked the Solicitor General to present its views…
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Around The Web
A few interesting items: (1) What is Judge Sonia Sotomayor's record in securities class actions? Two notable Second Circuit decisions in which she has participated are Dabit (later unanimously overturned by the Supreme Court) and…
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Supreme Court To Address Circuit Split On Statute Of Limitations
The U.S. Supreme Court is going to address when the running of the statute of limitations is triggered in securities fraud cases, but not in the case many observers expected. Last year, the Court asked…