Posts tagged Public Securities Litigation Reform Act.
Last month, the 6th Circuit joined the majority view recognizing the "materialization of the risk" theory of loss-causation as an alternative to "corrective-disclosure" in securities litigation under Rule 10b-5.
The Public Securities Litigation Reform Act ("PSLRA") and federal jurisprudence (Tw-Iqbal) require pleading specific factual allegations of each element of Rule 10b-5 claim, including loss-causation (a proximate causal relationship between not merely the alleged misrepresentation or omission and the transaction, but also the plaintiffs' loss). Dura-Pharm
Posted in: PSLRA
Tags: burr and forman, burr forman, materialization of the risk, PSLRA, Public Securities Litigation Reform Act, securities litigation, Securities Litigation & Arbitration