Search for: ""Basic, Inc. v. Levinson" OR "485 U.S. 224"" Results 1 - 20 of 85
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6 Mar 2024, 9:03 pm by renholding
Levinson, 485 U.S. 224, 231, 232, and 240 (1988) (holding that information is material if there is a substantial likelihood that a reasonable investor would consider the information important in deciding how to vote or make an investment decision; and quoting TSC Industries, Inc. v. [read post]
22 Oct 2023, 9:01 pm by renholding
Morgan Stanley split from the Ninth Circuit, finding that a violation of Item 303 would be actionable under Section 10(b) and Rule 10b-5 if plaintiffs met the materiality requirements set forth in Basic Inc. v. [read post]
20 Aug 2023, 9:01 pm by renholding
Levinson, 485 U.S. 224 (1988)—which can allow securities-fraud plaintiffs to invoke a fraud-on-the-market presumption of class-wide reliance for purposes of class certification. [read post]
6 Mar 2023, 9:01 pm by renholding
In the decade between 1990 and 2000, there were 4,194 IPOs by U.S. operating companies.[5] In the two decades from 2001 to 2021, there were only 2,276 IPOs.[6] As a securities attorney in private practice from 1995 to 2004, I saw first-hand the ups and downs of the IPO market and the burst of the dot-com bubble.[7] There are a number of potential factors for the decline in IPOs. [read post]
12 Feb 2021, 1:44 pm by Lyle Roberts
  The questions presented in the case are: (1) Whether a defendant in a securities class action may rebut the presumption of classwide reliance recognized in Basic Inc. v. [read post]
20 Nov 2017, 2:33 pm by Jonathan Moss
United States, 406 U.S. 128 (1972), applied; (2) determining, alternatively, that the fraud-on-the-market presumption of reliance set forth in Basic, Inc. v. [read post]
12 Nov 2017, 11:00 pm by Kevin LaCroix
In the following guest post, attorneys from the Paul Weiss law firm review a recent Second Circuit decision on this issue, Waggoner v. [read post]
9 Jul 2017, 10:04 pm by Barry Barnett
The Supreme Court ruled in Basic Inc. v. [read post]
4 Oct 2016, 6:55 pm by Kevin LaCroix
Levinson, 485 U.S. 224 (1988), may be rebutted by defendants through evidence that severs the link between the alleged misrepresentation and the price of the stock. [read post]