In my tax law class in law school, my professor said that he could teach all of tax law through the U.S. Supreme Court case Old Colony Trust Co. v. Commissioner, 279 U.S. 716 (1929). Similarly, Omnicare provides the foundation for multiple legal and strategic elements of a strong defense of a securities class action. It is truly a case study in how to defend a securities case. Below, I address three of those components.
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