You might've thought that, after the dot com bubble popped in 2000 and Enron melted down a year and a half later, Congress might've rued the free passes it gave to Bad Acters under the Private Securities Litigation Reform Act of 1995.
But that August Body, a decade beyond the PSLRA, handed out more of the sweet sweet candy.
Say yaaaarrrrrr if ye fancy a fake stock tip.
The second half of the case name pretty much tells you what you need to know: Securities and Exchange Comm'n v. Pirate Investor LLC, No. 08-1037 (4th Cir. Sept. 15, 2009). Pirate Investor did not get off lightly for its buccaneering ways. No, it did not.
John Harvard (1607-38). He (1) didn't look like this, (2) didn't found Harvard, and (3) won the naming rights by dying two years after the place started.
Blawgletter® welcomes you, one and all, to this the 229th — and our third — Blawg Review!
The theme this week emerges, in full armor, from the brow of
The same set of ugly facts can give rise to a welter of claims. And not just a welter — also a variety.
Take a securities fraud case. It alleges that somebody misled investors, who as a result overpaid for a stock, bond, or other security. But the bad facts that motivated the lying often
The Third Circuit today upheld class treatment of an antitrust case that alleged bid-rigging by insurance brokers and carriers. The panel also okayed two settlements — one for $121,800,000 and the other for $28,000,000 — and a fee-and-expense award of $29,500,000 to class counsel. In re Ins. Brokerage Antitrust Litig., No. 07-1759 (3d Cir. Sept. 8
Most everyone knows by now that the Private Securities Litigation Reform Act of 1995 made winning a federal securities lawsuit a lot harder — including by setting a tougher test for pleading scienter, which in context means the defendant intended to defraud someone.
Fewer people have heard that the PSLRA also raised the stakes for a plaintiff
Peter Lorre (1904-1964).
Blawgletter never tires of watching Casablanca (1942). It has all you could want — gorgeous movie stars (Ingrid Bergman and Peter Lorre), lovely music ("As Time Goes By" and "La Marseillaise"), a noirish look (in black and white), a passionate romance (between Bergman's Ilsa and Bogart's Rick), and a surprise ending – in
By 1997, Bose Corporation quit making tape recorders and players. Four years later, its general counsel said under oath that Bose still used its "WAVE" trademark "in connection with" such devices.
The Trademark Trial and Appeal Board — a unit of the U.S. Patent and Trademark Office — deemed the statement a falsehood and declared
Epson Imaging Devices Corporation yesterday agreed to confess guilt, and pay a $26 million fine, for fixing prices on thin film transistor liquid-crystal display panels.
The plea deal follows ones by LG Display, Sharp, Chungwa Picture Tubes, and Hitachi Displays.
The Judicial Panel on Multidistrict Litigation has set September 24 as its next hearing session. Their Honors will convene at the Lewis F. Powell, Jr., U.S. Courthouse in Richmond, Virginia.
The 20 Section A matters — the ones on which the Panel will hear argument — include In re Battlefield Waste Disposal Litig., MDL
