Case
Basic, Inc. v. Levinson
75 published works
Inside Class Actions
Know Your Meme: Fifth Circuit Overturns Class Certification in Securities Fraud Action for Failing to Determine if Stock Traded in Inefficient Market as a Meme Stock
By Stephen Rees
In securities fraud class actions, plaintiffs must prove that a stock was traded in an efficient market in order to invoke a presumption that—under the fraud-on-the-market theory articulated in Basic…
The Law Blog
From Silence to Disclosure: Rethinking Corporate Obligations in the Age of Market Rumours
By The Law Blog
Revant Sinha is a final-year law student at MNLU Mumbai, and has developed a keen interest in Dispute Resolution and Securities law. Shreeja Rayane is a second-year law student at…
The CLS Blue Sky Blog
Rethinking Materiality in the Debate Over ESG
For nearly a decade, debates over ESG – environmental, social, and governance – disclosures have dominated corporate law and securities regulation. Should companies be required to disclose information about climate…
The D&O Diary
Guest Post: Price Impact, the Speed of Information, and Securities Class Certification
[caption id="attachment_23858" align="alignleft" width="212"] Matthew L. Mustokoff[/caption] [caption id="attachment_23859" align="alignleft" width="212"] Margaret E. Mazzeo[/caption] Since the U.S. Supreme Court’s 2014 decision in Halliburton II, the lower courts have wrestled with…
Public Chatter
The Loneliness of Making the Materiality Decision
By Broc Romanek
You’re sitting in your office staring at your fern when it dawns on you. It’s all you, dude. The buck stops here. You remember the law school lessons. TSC Industries…
Class Action Countermeasures
A New Avenue for Defendants in Securities Fraud Class Actions: Supreme Court Holds “Generic” Nature of Statements Is “Important Evidence” of Price Impact at Class Certification
By Alexander Madrid, Molly M. White, Garrett Hooe
Monday, the Supreme Court issued its highly anticipated ruling in Goldman Sachs Group, Inc. v. Arkansas Teacher Retirement System, holding that the generic nature of an alleged misrepresentation may be…
Corporate and Securities Law
Supreme Court Holds Generic Nature of Statements Must Be Considered When Granting Class Certification in Securities Litigation
The Right Coast
Why did Judge Friendly kill himself?
I wondered this as I read the landmark but somewhat banal case Basic Inc. v. Levinson. I found this piece by Paul Gewirtz on the interwebs.But there are also reasons…
The Right Coast
Why did Judge Friendly kill himself?
I wondered this as I read the landmark but somewhat banal case Basic Inc. v. Levinson. I found this piece by Paul Gewirtz on the interwebs.But there are also reasons…
Securities Law Prof Blog
Schulzke & Berger-Walliser on Materiality
Kurt S. Schulzke and Gerlinde Berger-Walliser have posted Toward a Unified Theory of Materiality in Securities Law on SSRN with the following abstract:In the face of rapidly advancing globalization of capital…