Attorneys in Goodwin’s Securities + Shareholder Litigation and White Collar Defense practices have extensive experience before federal and state courts, legislative bodies, and regulatory and enforcement agencies. We continually monitor notable developments in these venues to prepare the Securities Snapshot — a bi-weekly compilation of securities litigation news delivered to subscribers’ via email. This publication summarizes news from the civil and criminal securities law arenas in a succinct, easy-to-read format. Topics covered include litigation and enforcement matters, legislation, rulemaking, and interpretive guidance from regulatory agencies.
August 13, 2019
Second And Third Circuits Reject Defendants’ Attempts To Vacate Convictions Based On The Supreme Court’s “Official Act” Holding In McDonnell; Delaware Court of Chancery Dismisses Caremark Claims Against Retailer’s Directors For Allegedly Disregarding Non-Compliance With State Pricing Laws; Second Circuit Holds That Investment Company Act Creates An Implied Private Right of Action; New York Court Holds That PSLRA’s Automatic Discovery Stay Applies In Securities Class Actions Filed In State Court Under 1933 Act; District Of New Jersey Denies Dismissal Of Securities Class Action Arising Out Of Alleged Generic Pharmaceutical Price-Fixing Scheme.