US Supreme Court issues major securities class action ruling
The Supreme Court has held that plaintiffs in securities fraud cases do not have to establish materiality before a class can be certified based on the ‘fraud-on-the-market’ theory. Instead, in Amgen Inc v Connecticut Retirement Plans and Trust Funds, six justices agreed that materiality is a substantive element of plaintiffs’ fraud claim that can be postponed until summary judgment or trial because it can always be addressed with common proof.
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Briefings from Hogan Lovells
Equity Capital Markets — Which Market?
Hogan Lovells has released ‘Equity Capital Markets — Which Market?’
US DoD implements procurement regulations intended to combat counterfeit parts
The US DoD has begun the process of implementing procurement regulations to combat counterfeit parts in the department’s supply chain.
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