• Recent Trends In Federal Securities Fraud Class Action Litigation
  • February 13, 2007 | Author: Miles D. Scully
  • Law Firms: Gordon & Rees LLP - Los Angeles Office ; Gordon & Rees LLP - San Francisco Office
  • Two recent interrelated trends have had a significant impact on federal securities litigation: (1) the marked decline in the number of securities fraud class action cases filed in 2005 and 2006; and (2) the more stringent "loss causation" standard adopted by the U.S. Supreme Court in the Dura Pharmaceuticals, Inc. v. Broudo case, 544 U.S. 336 (2005). Both of these trends will have far-reaching effects on public companies and their director and officer insurers.