Automatic Portability Transaction Regulations
SIFMA provided comments to the Department of Labor (DOT) on their proposed Automatic Portability Transaction Regulations under Section 4975 of…
Court:
U.S. Supreme Court
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 class-wide 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
Joshua Polster
Daniel Owsley
Other Amici:
U.S. Chamber of Commerce
American Bankers Assoc.
Bank Policy Institute
American Property Casualty Insurance Assoc.
SIFMA provided comments to the Department of Labor (DOT) on their proposed Automatic Portability Transaction Regulations under Section 4975 of…
SIFMA and The International Swaps and Derivatives Association, Inc. (ISDA) provided comments to the Office of the Comptroller of the…
SIFMA AMG provided comments to the Federal Energy Regulatory Commission on the Federal Power Act Section 203 Blanket Authorizations for…
We use cookies to provide our site visitors a valuable experience as well as relevant content and services. Please carefully review our Privacy Policy and Terms of Use; by using this website, you agree to the information set forth therein.