This paper discusses two significant securities law decisions recently issued by the United States Court of Appeals for the Second Circuit. In the first, the Second Circuit, addressing the particularity required to plead fraud in a securities fraud action, reversed a district court’s dismissal of a complaint, finding sufficient allegations of “motive and opportunity” to support a strong inference of fraudulent intent. In the second, the court concluded that a confidentiality agreement unambiguously did not obligate parties to merger negotiations to notify each other of welcome — as opposed to unwelcome — advances by a third party.
Securities Fraud
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
