Charles F. Smith

Inside the Courts: Supreme Court Decides Who Is the ‘Maker’ of a Statement Under Section 10(b)
Jay B. Kasner,Matthew J. Matule,Edward B. Micheletti,Peter B. Morrison,Charles F. Smith, June 22, 2011
Today, in a 5-4 decision, the Supreme Court of the United States in Janus Capital Group, Inc. v. First Derivative Traders interpreted the meaning of the phrase “to make” in Rule 10b-5 promulgated under Section 10(b) of the Securities Exchange Act of 1934. Under Rule 10b-5, it is...

Inside the Courts: Supreme Court Rejects Massive Wal-Mart Class Action
Jay B. Kasner,Matthew J. Matule,Edward B. Micheletti,Peter B. Morrison,Charles F. Smith, June 22, 2011
The U.S. Supreme Court held today, in a 5-4 decision, that a district court had erred in certifying a nationwide class of 1.5 million female Wal-Mart employees in an action alleging sex discrimination.

Inside the Courts: Supreme Court Holds That Proof of Loss Causation Not Necessary to Obtain Class Certification
Jay B. Kasner,Matthew J. Matule,Edward B. Micheletti,Peter B. Morrison,Charles F. Smith, June 8, 2011
A unanimous U.S. Supreme Court held this morning that proof of loss causation is not required in order to obtain class certification in a securities fraud action. In an opinion authored by Chief Justice John G. Roberts Jr., the Court vacated the U.S. Court of Appeals for the Fifth Circuit's...