Sen. Specter Wants to Expand Reach of Securities Fraud Lawsuits
Sen. Arlen Specter (D-PA) chaired a Senate Judiciary Committee hearing last week on his bill, S. 1551, the Liability for Aiding and Abetting Securities Violation Act. Specter’s legislation would return...
View ArticleReturning to the Pre-Stoneridge Standard of Suing Everybody
The Wall Street Journal‘s editorial today, “Dodd’s Lawsuit Makeover“: We like to think of the 1995 Private Securities Litigation Reform Act as Senator Chris Dodd’s finest hour. Joining with House...
View ArticleFinancial Regulation or Drive Accountants to Ruin Act?
Sen. Mike Enzi (R-WY), the only accountant in the U.S. Senate, took to the Senate floor Thursday to explain why the amendment by Sen. Arlen Specter (D-PA) to expand liability in securities litigation...
View ArticleThankfully, Not Included in the Senate Financial Regulation Bill
Wrapping up loose ends in our blogging on the Senate financial regulation bill, we should note that the Senate did not consider Sen. Arlen Specter’s amendment to overturn the U.S. Supreme Court’s...
View ArticleSen. Specter Wants to Expand Reach of Securities Fraud Lawsuits
Sen. Arlen Specter (D-PA) chaired a Senate Judiciary Committee hearing last week on his bill, S. 1551, the Liability for Aiding and Abetting Securities Violation Act. Specter’s legislation would return...
View ArticleReturning to the Pre-Stoneridge Standard of Suing Everybody
The Wall Street Journal‘s editorial today, “Dodd’s Lawsuit Makeover“: We like to think of the 1995 Private Securities Litigation Reform Act as Senator Chris Dodd’s finest hour. Joining with House...
View ArticleFinancial Regulation or Drive Accountants to Ruin Act?
Sen. Mike Enzi (R-WY), the only accountant in the U.S. Senate, took to the Senate floor Thursday to explain why the amendment by Sen. Arlen Specter (D-PA) to expand liability in securities litigation...
View ArticleThankfully, Not Included in the Senate Financial Regulation Bill
Wrapping up loose ends in our blogging on the Senate financial regulation bill, we should note that the Senate did not consider Sen. Arlen Specter’s amendment to overturn the U.S. Supreme Court’s...
View ArticleNAM Asks Supreme Court to Protect Manufacturers from Frivolous Securities...
The 2nd Circuit Court of Appeals has interpreted securities laws as requiring disclosure of information about uncertain future conditions, which potentially subjects many public companies, particularly...
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