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

Court:

U.S. Supreme Court

Press Release:
– 6/21/07

Amicus Issue:

Whether the 7th Circuit’s “could infer” test satisfies the Private Securities Litigation Reform Act’s heightened pleading standard which requires plaintiffs bringing claims for securities fraud to plead “with particularity” facts that give rise to a “strong inference” of scienter.

Counsel of Record:

Mayer, Brown, Rowe & Maw LLP

71 South Wacker Drive
Chicago, IL 60606

Stephen M. Shapiro
Timothy S. Bishop

Mayer, Brown, Rowe & Maw LLP

700 Louisiana Street
Houston, TX 77002

J. Brett Busby
Other Amici on Brief: U.S. Chamber of Commerce