Securities Law Blog Roundup

Blog Roundup: The latest posts from securities law related blogs:

The Securities and Exchange Commission today announced the appointment of Stephanie Allen as Director of Media Relations and Speechwriting, effective Oct. 1, 2023. Ms. Allen has served as Director ...
The Securities and Exchange Commission today announced it will highlight the importance of investor education and protection during World Investor Week (WIW) 2023, which takes place October 2-8. Ar...
The Securities and Exchange Commission, Municipal Securities Rulemaking Board (MSRB), and Financial Industry Regulatory Authority (FINRA) today announced that registration is open for a virtual Com...
The Securities and Exchange Commission today announced that Charlotte-based Albemarle Corporation, a global specialty chemicals company, agreed to pay more than $103.6 million to settle the SEC’s c...
The Securities and Exchange Commission today charged Newell Brands Inc., a Georgia-based consumer products company and its former CEO, Michael Polk, with misleading investors about Newell’s core sa...

Business Law Professor:

From friend-of-the-BLPB Jessica Erickson: The University of Richmond School of Law is looking for a visitor next spring (2025) in the business law area. Specifically, we are looking for coverage fo...
I have the privilege and honor to be in Detroit today to present the second annual Baiardi lecture at Wayne State University Law School. Wayne Law is a bit of a second home for me (a status it enjo...
POSITION OVERVIEW Position title: Executive Director of the Lowell Milken Institute for Business Law and Policy Salary range: A reasonable estimate for this position is $200,000 to $250,000 APPLICA...
The University of Cincinnati College of Law is currently undertaking a search for a new director of our Corporate Law Center. A description is below. Hat tip to Kate Jackson. About the Center The C...

10b-5 Daily:

The 10b-5 Daily

News and events related to securities class action litigation. Containing all facts, with particularity, and an occasional dose of commentary.

To establish loss causation in a securities class action does the company’s stock price have to decline immediately after the alleged corrective disclosure that revealed the truth to the market?  In Shash v. Biogen, Inc., 84 F.4th 1 (1st Cir. 2023), the court … Continue reading
Author: Lyle Roberts
Posted: January 2, 2024, 5:34 pm
Cornerstone Research has issued an interesting report on opt-outs in securities class action settlements (i.e., when a putative class member chooses not to participate in the settlement and may consider bringing its own direct action against the defendants). A few … Continue reading
Author: Lyle Roberts
Posted: November 7, 2023, 1:37 pm
To what extent can plaintiffs commission an expert report based on public information and rely on it in their complaint to adequately plead securities fraud?  The Ninth Circuit recently addressed this issue in E. Ohman J:or Fonder AB v. NVIDIA … Continue reading
Author: Lyle Roberts
Posted: September 11, 2023, 3:02 pm
It would appear that the third time’s the charm, at least for Goldman Sachs in its long-running securities class action related to certain collateralized debt obligation (CDO) transactions.  For the past several years, the key issue in the case has … Continue reading
Author: Lyle Roberts
Posted: August 15, 2023, 1:29 am
When faced with litigation, companies often publicly opine that the case is “without merit.”  But if the company loses the litigation, can investors then bring a securities class action alleging that opinion was false? In City of Fort Lauderdale Police and … Continue reading
Author: Lyle Roberts
Posted: July 25, 2023, 11:28 pm
When the U.S. Supreme Court issues a securities litigation opinion, it rarely is having the last word on the subject.  Lower courts still have to interpret and apply the Court’s holding.  Last month, a decision from the U.S. Court of … Continue reading
Author: Lyle Roberts
Posted: July 3, 2023, 5:51 pm
Securities class actions involving Special Purpose Acquisition Companies (SPACs) can raise interesting issues.  A SPAC is a publicly traded shell company created to merge with an existing privately held business so as to allow the target company to go public … Continue reading
Author: Lyle Roberts
Posted: April 20, 2023, 8:30 pm
NERA Economic Consulting and Cornerstone Research have released their respective 2022 annual reports on federal securities class action filings.  As usual, the different methodologies employed by the two organizations have led to slightly different numbers, although they both identify the same general trends. … Continue reading
Author: Lyle Roberts
Posted: February 13, 2023, 2:34 pm
To what extent should courts rely upon market analysts in determining the meaning of corporate statements? In Boykin v. K12, Inc., 2022 WL 17097453 (4th Cir. Nov. 22, 2022), the U.S. Court of Appeals for the Fourth Circuit considered this … Continue reading
Author: Lyle Roberts
Posted: December 5, 2022, 10:21 pm
What constitutes a “scheme” or “deceptive act” for purposes of liability under the antifraud provisions of the federal securities laws? Part of the difficulty in answering that question has been that Rule 10b-5 contains three separate subsections, which prohibit in connection with … Continue reading
Author: Lyle Roberts
Posted: September 26, 2022, 9:34 pm

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Securities Attorney at Sallah Astarita & Cox | 212-509-6544 | | Website | + posts

Mark Astarita is a nationally recognized securities attorney, who represents investors, financial professionals and firms in securities litigation, arbitration and regulatory matters, including SEC and FINRA investigations and enforcement proceedings.

He is a partner in the national securities law firm Sallah Astarita & Cox, LLC, and the founder of The Securities Law Home Page -, which was one of the first legal topic sites on the Internet. It went online in 1995 and is updated daily with news, commentary and securities law related links.