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When a securities law firm brings a securities fraud case against a defendant it must sufficiently plead all the elements of the cause of action, which include a material misstatement or omission. Recently, the United States Supreme Court was again asked by a defendant to adopt a bright line rule of what is, and is […]
May 29, 2012
Comments Off on Supreme Court Clarifies Who Is The “Maker” Of A Statement For Rule Private Rights Of Action Under 10b-5
One of the decisions securities fraud attorneys need to make before even bringing the claim is who to name as defendants in the lawsuit. Typically this is the party who made the material misstatement, but what does that really mean? In the case of many Wall Street firms the identity of the real maker of […]
May 23, 2012
Comments Off on Mario Massillamany’s Explains Differences Between Class and Mass Actions
Practical And Legal Differences Between Class And Mass Actions Before filing a case on behalf of multiple people who have been injured, either physically or monetarily, an initial decision must be made of whether to bring each person’s claims individually, or as a group. If you believe bringing the claims as a group would […]
Mario Massillamany 
May 29, 2012
Comments Off on Supreme Court Declines To Adopt Bright Line Rule Regarding Materiality In Securities Fraud Actions