Glickenhaus v Household International

Published on:
February 19, 2014

SIFMA submitted an Amicus “Friend of the Court” Brief

Court:

U.S. Court of Appeals

(Seventh Circuit)

Amicus Issues:

Whether plaintiffs may satisfy their burden to prove loss causation by invoking the “leakage theory”, under which corrective information revealing the truth about the defendants’ fraud purportedly leaks out over time through a series of partial corrective disclosures, without identifying specific misrepresentations that introduced inflation into the company’s stock price.

Whether the Supreme Court’s holding in Janus, 131 S.Ct. 2296 (2011), is limited to situations in which the defendant and the actual maker of the alleged misrepresentation work for separate entities, and thus does not apply when all the defendants are part of the same corporate family.

Counsel of Record:

Sidley Austin LLP

Jonathan F. Cohn

Eric D. McArthur

Noah T. Katzen

Other Amici:

None.

Details

Download

More Content

  • Amicus Briefs
    Oct 05, 2026

    In re The Boeing Company Securities Litigation

  • Letters
    Oct 05, 2026

    Reducing Duplicative Regulation and Expanding Exemptions for Commodity Pool Operators and Commodity Trading Advisors

    SIFMA AMG comments on CFTC proposals to reduce duplicative regulation for certain CPOs and CTAs and account for inflation.
  • Letters
    Sep 30, 2026

    Proposed Rule Change to Amend FINRA Rules 0150, 2165, 4512 and to Adopt FINRA Rule 2166

    SIFMA Comments to SEC in support of the proposed rule changes to improve the utilization of Rules 2165 and 4512, as well as the new Rule 2166 to allow for a temporary delay for suspected fraud.

Get the latest trends, stats, and research on financial markets and securities.