A Closer Look at Securities Litigation Involving Life Sciences Companies

By | The D&O Diary | February 19, 2017
life sciences1As I noted in my survey of 2016 securities class action litigation (here), one of the factors contributing to the rise in securities litigation last year was the volume of litigation filed against companies in the life sciences sector. According to an analysis of life sciences-related securities suits by the Dechert law firm, the annual number of securities suits filed against companies in the sector rose by over 70% between 2014 and 2016. View Full Post
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Book Review: Federal Securities Litigation

By | The D&O Diary | February 17, 2017
The interpretation and application of the federal securities laws has in recent years proven to be a rapidly changing arena. For that reason, it is a particularly welcome development that the authors of the “Federal Securities Litigation: A Deskbook for the Practitioner” have released the latest update of their single-volume resource on litigation under the U.S. View Full Post
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Major Class Action Reform Legislation Introduced in Congress

By | The D&O Diary | February 14, 2017
Major Class Action Reform Legislation Introduced in Congress us capitolIn the early days of the Trump presidency, the new administration has made it clear that it is going to tackle perceived regulatory excess. The new President has also made it clear that he intends to reform the Dodd-Frank Act. In keeping with these initiatives, a Republican congressman has now introduced a legislative proposal to reform class action litigation. View Full Post
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Ninth Circuit: Ethics Code Violations Insufficient to State Securities Law Claim

By | The D&O Diary | February 13, 2017
Ninth Circuit: Ethics Code Violations Insufficient to State Securities Law Claim Ninth CircuitIn the wake of the era of corporate scandals, Congress enacted the Sarbanes-Oxley Act. Section 406 of the Act required the SEC to promulgate rules requiring reporting companies to disclose whether or not they have adopted a code of ethics for its financial officers. The SEC subsequently issued rules implementing this directive, and as a result companies facing the new disclosure obligations adopted codes of ethics. View Full Post
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