False opinions
Giving a knowingly false opinion about a public company can expose the company and its insiders to liability for securities fraud under federal law.
But what about an opinion that they truly believe but for which they have a flimsy basis?
The Supreme Court held today that the lack of rigor may indeed
If you've tired of hearing campaign promises about tax cuts, repeal of tax cuts, extension of tax cuts, tax cuts for the middle class, tax cuts for income over $250,000 a year, and the like — relax. Let Blawgletter tell you about an entirely other subject: tax avoidance.
And not just any kind of tax
The Private Securities Litigation Reform Act of 1995 got its start as a subclause in the Contract with America. Congress overrode a veto by President Bill Clinton to pass it.
Has it panned out? The WSJ cast light on the question today.
The item focused on how much some class action law firms give to
The case involved NVIDIA stock, which didn't do too well.
The Ninth Circuit chided a district court today for usurping a right that the panel held belongs to the "lead plaintiff" in cases under the Private Securities Litigation Reform Act of 1995 — the right to choose counsel for the putative class.
The PSLRA