Searching Content by Arthur Aufses III from Kramer Levin Naftalis & Frankel LLP ordered by Published Date Descending.
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The Supreme Court Broadens Liability For False Statements Under Rule 10b-5 To "Disseminators"
The decision will likely have a more significant impact in private civil actions rather than in enforcement cases brought by the SEC.
United States
15 Apr 2019
New York Appellate Court Ruling Eases Hurdle To Bringing Derivative Suits Against UK Companies In The New York Courts
On Nov. 14, 2018, a New York appellate court held that in a derivative action brought in a New York court against a company incorporated in the United Kingdom
5 Dec 2018
Paying The Price For Reps And Warranties Breaches
There are thousands of court decisions analyzing the nuances of contract breaches and causation.
United States
5 Apr 2018
Court Of Appeals Ruling Eases The Way For Shareholders To Bring Derivative Suits Against Cayman Islands Companies In The New York Courts
On Nov. 20, 2017, the New York Court of Appeals held that in a derivative action brought in a New York court against a company incorporated in the Cayman Islands,...
United States
4 Dec 2017
Supreme Court To Determine State Court Jurisdiction Of Class Actions Under Securities Act Of 1933
On June 27, the Supreme Court granted certiorari in Cyan Inc. et al. v. Beaver County Employees Retirement Fund et al., agreeing to weigh in on whether state courts have jurisdiction to hear...
United States
25 Jul 2017
Supreme Court Upholds Strict Time Limit In Federal Securities Class Actions
On June 26, 2017, the Supreme Court issued a 5-4 decision in California Public Employees' Retirement System v. ANZ Securities, Inc., et al.
United States
12 Jul 2017
Supreme Court Narrows Scope Of Primary Liability In Federal Securities Fraud Actions
Over 15 years ago, in Central Bank of Denver, N.A. v. First Interstate Bank of Denver, N.A., 511 U.S.164 (1994), the Supreme Court held that Section 10(b) of the Securities Exchange Act and SEC Rule 10b-5 do not permit private civil plaintiffs to recover on an aiding and abetting theory.
United States
4 Aug 2011
Supreme Court Closes Door to Foreign-Cubed Securities Lawsuits in U.S. Courts
In a significant, recent ruling, the Supreme Court held in Morrison v. National Australia Bank, Ltd.1 that the U.S. securities laws do not extend to so-called "foreign-cubed" securities lawsuits.
United States
18 Aug 2010
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