Shanda Games Limited v. Monk
Published on:
October 24, 2025
Committee:
Court:
U.S. Supreme Court
(pet. for writ of cert.)
Amicus Issue:
Whether the rebuttable fraud-on-the-market presumption for establishing reliance in a securities action, established by the Supreme Court in Basic Inc. v. Levinson, 485 U.S. 224 (1988), is available to all plaintiffs who purchase or sell securities or is limited to only those who do so in an efficient market at the market price.
Counsel of Record:
Sidley Austin LLP
Kwaku A. Akowuah
Madeleine Joseph
Other Amici:
None.