U.S. Supreme Court Invites Solicitor General's Views on Whether to Grant Review of Case Implicating Key Pleading Standard for Securities Claims
Mondaq Business Briefing › United States Law Articles in English (2010)
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U.S. Supreme Court Invites Solicitor General's Views on Whether to Grant Review of Case Implicating Key Pleading Standard for Securities Claims
Yesterday, the Supreme Court invited the U.S. Solicitor General to express its views on whether the Court should grant plaintiffs' certiorari petition in The Laborers District Counsel Construction Industry Pension Fund v. Omnicare, Inc., No. 09-1400 — a case that should be of interest to securities issuers, underwriters, accountants, and others who potentially face the threat of lawsuits under Section 11 of the Securities Act of 1933.
Granting certiorari in Omnicare would provide the Court an opportunity to consider a long-contested issue of securitie...See the full content of this document
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