The U.S. Court of Appeals for the Ninth Circuit ruled last week that the securities-law requirement to plead a “strong inference” of scienter does not apply to claims under § 14(e) of the Securities ...
On August 31, 2022, in a lengthy order,[1] Judge Timothy Hillman of the U.S. District Court of Massachusetts denied motions to dismiss that were filed by multiple defendant banks (the “Banks”) in an ...
In 2007, the Supreme Court defined a strong inference of scienter as more than merely plausible or reasonable—it must be cogent and at least as compelling as any opposing inference of non-fraudulent ...
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