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U.S. Supreme Court Rules That Securities Fraud Suits Must Be Dismissed Unless Plaintiffs Plead Fact Establishing a "Cogent and Compelling Inference" of Fraudulent Intent |
June 3, 2008
Previously published on May 2008
In Tellabs, Inc. v. Makor Issues & Rights, Ltd., No. 06-484 (June 21, 2007), the U.S. Supreme Court strengthened the main weapon available to securities fraud defendants for defeating lawsuits before the onset of full-blown litigation.
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The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article 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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