Regulatory Notice 25-04: FINRA Rulebook Modernization
SIFMA provided comments to FINRA in response to Regulatory Notice (RN) 25-04. We welcome this effort to modernize and update…
Court:
U.S. Supreme Court
(petition for writ of cert.)
Amicus Issue:
Whether the court violated Halliburton II, misapplied the burden of proof, and erred by relieving plaintiffs in the Second Circuit of any burden of showing that there was a price impact of news on the defendant’s stock price. Whether a class may be certified in the absence of proof that an administratively feasible means exists by which the putative class member (and the court and defendants) can determine whether he or she is a member of the class.
Counsel of Record:
Paul, Weiss, Rifkind, Wharton & Garrison LLP
Richard A. Rosen
Charles E. Davidow
Other Amici:
None
SIFMA provided comments to FINRA in response to Regulatory Notice (RN) 25-04. We welcome this effort to modernize and update…
SIFMA, The Bank Policy Institute (BPI), the American Bankers Association (ABA), and the Managed Funds Association (MFA) provided comments to…
Court: U.S. Court of Appeals (Seventh Circuit) Amicus Issue: Whether the SEC properly denied CBOE’s proposed rule to reclassify order…