The Supreme Court heard argument today in the securities class action case, Merck & Co., Inc. v. Reynolds, No. 08-905 (U.S.). The case involves allegations that the defendant defrauded investors by making false statements about the health risks associated with the drug Vioxx. The issue in the case, courtesy of SCOTUS Wiki, is Whether under the “inquiry [...]
Posts Tagged ‘scienter’
Supreme Court Considers “Inquiry Notice” Standard in Securities Class Actions
Posted in Class Action News, Securities Class Actions, Supreme Court Decisions, tagged inquiry notice, merck v. reynolds, scienter, scotus, securities class action, u.s. supreme court, United States Supreme Court, vioxx on November 30, 2009 | Leave a Comment »
American Lawyer: Trend in Subprime Securities Dismissals
Posted in Class Action Decisions, Class Action News, Class Action Trends, Securities Class Actions, tagged motion to dismiss, scienter, securities class action, subprime class action, tellabs on April 14, 2009 | Leave a Comment »
No time for extended entry this evening, but here’s a link to a tidbit from Andrew Longstreth of the American Lawyer (via Law.com) discussing a possible trend in the federal courts ruling on motions to dismiss subprime-related securities class actions for failure by the plaintiffs to meet the scienter requirements under Tellabs.
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