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Fifth Circuit Reaffirms Strict Scienter Requirement In Securities Fraud Cases |
April 29, 2009
On April 8, 2009, the Fifth Circuit issued a published decision affirming the complete dismissal of a securities fraud class action filed against Energy Future Holdings Corp. (EFH, and, formerly, TXU Corp.) and its former chief executive in the Northern District of Texas. Fulbright's securities litigation team, led by partners Gerry Pecht and Richard Krumholz and senior associate Peter Stokes, represented both of the defendants and handled all aspects of the litigation in the trial court and on appeal along with EFH's internal counsel.
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The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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