Supplemental Comments on Federal Power Act Section 203 Blanket Authorizations for Investment Companies (SIFMA AMG)
SIFMA AMG provided comments to the Federal Energy Regulatory Commission replying to certain comments filed in the Notice of Inquiry…
Court:
U.S. Court of Appeals
(Second Circuit)
(pet. for rehearing en banc)
Amicus Issue:
Whether the court erroneously certified an investor class based solely on the type of general, aspirational statements about a financial services firm’s business principles and internal controls that the Second Circuit has repeatedly held are not actionable, because no reasonable investor would rely on such statements.
Whether the court erroneously ruled that to rebut the fraud-on-the-market presumption of classwide reliance by showing that the challenged statements did not impact the issuer’s stock price, as authorized by Halliburton II, Defendants must “demonstrate a complete absence of price impact” with “conclusive evidence.”
Counsel of Record:
Simpson Thacher & Bartlett LLP
Jonathan K. Youngwood
Craig S. Waldman
Other Amici:
Bank Policy Institute
SIFMA AMG provided comments to the Federal Energy Regulatory Commission replying to certain comments filed in the Notice of Inquiry…
SIFMA and SIFMA AMG provided comments to the Commodity Futures Trading Commission (CFTC) on their request for public comment on…
SIFMA AMG provided comments to the Federal Deposit Insurance Corporation (FDIC) on their consideration of various proposals to revise the…
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