SIFMA has submitted an Amicus “Friend of the Court” Brief.

Court:

U.S. Court of Appeals (Second Circuit)

Press Release:– 6/26/08

Amicus Issue:  Whether plaintiffs bringing claims for securities fraud may allege scienter on the part of a corporate defendant (corporate/collective scienter) without pleading scienter against any particular employee, where management made public statements contradicted by facts known only to lower-level employees.

Counsel of Record:

Sidley Austin LLP

1501 K Street, NW
Washington, DC 20005

Carter G. Phillips
Richard D. Bernstein
Sidley Austin LLP

787 Seventh Avenue
New York, NY 10019

A. Robert Pietrzak
Daniel A. McLaughlin

Other Amici on SIFMA’s Brief:

U.S. Chamber of Commerce

The Business Roundtable