Jai K. Chandrasekhar

A Balanced Decision in Tellabs?
Salvatore J. Graziano, John C. Browne, Jai K. Chandrasekhar, September 16, 2009, previously published by The Advocate for Institutional Investors, Second Quarter 2007 on July 2007
On June 21, 2007, the United States Supreme Court issued a decision in Tellabs, Inc. v. Makor Issues & Rights Ltd., which is not nearly as harmful to investor rights as early media reports have portrayed. In Tellabs, the Supreme Court interpreted the pleading standard that plaintiffs in...

Making Sure the Dice Aren't Loaded: Market Efficiency and the Fraud-on-the-Market Theory in Securities Class Actions
Jai K. Chandrasekhar, September 16, 2009, previously published by The Advocate for Institutional Investors, First Quarter 2006 on January 2006
In 1988, the Supreme Court endorsed the efficient markets presumption of reliance in Basic, Inc. v. Levinson. "It is hard to imagine that there ever is a buyer or seller who does not rely on market integrity," wrote Justice Harry Blackmun for the Court. "Who would knowingly roll the...

The SEC Flip-Flops at Supreme Court, Betraying Investors
John C. Browne, Jai K. Chandrasekhar, September 16, 2009, previously published by The Advocate for Institutional Investors, First Quarter 2007 on January 2007
In more than a dozen cases litigated during the last eight years, the Securities and Exchange Commission (¿SEC¿) has consistently argued to courts across the country that a key provision of the Private Securities Litigation Reform Act of 1995 (the ¿PSLRA¿) should be interpreted in favor of...