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Facing an August 3 deadline to appeal the Second Circuit’s Newman decision, the United States today filed a petition for a writ of certiorari with the U.S Supreme Court. The U.S. argued that the Second Circuit’s decision “erroneously departed” from the Supreme Court’s decision in Dirks v. SEC. U.S. Asks Supreme Court to Review ‘Erroneous’ […]
The number of federal securities class action lawsuit filings in the first half of 2015 was above the number of securities suits in the first half of 2014, although below long-term semiannual averages, according to the latest report from Cornerstone Research. via Cornerstone Research Releases Midyear Securities Litigation Report | The D&O Diary
Get caught up with the Securities Docket News Wire for July 29, 2015.