Securities Act claims to have more stringent pleading standards; Racial bias in class actions defined; Monopoly claims must have price-based proof; FLSA plaintiffs may not always recover attorney fees.
October 04, 2011 at 12:00 AM
1 minute read
The original version of this story was published on Law.com
2nd Circuit: Securities Act claims to have more stringent pleading standards
The 2nd Circuit ruled Aug. 23 in Fait v. Regions Financial Corp. that statements of opinion are not actionable under strict liability provisions of securities laws unless plaintiffs allege that defendants didn’t believe the statements they made.
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