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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


by Meir Feder View Biography
Jones Day View Firm Credentials
New York Office

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.


 

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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