Defense Bar Is Big Winner In 2010 Securities Rulings

Law360, New York (December 27, 2010, 3:58 PM EST) -- Companies facing securities lawsuits came away mostly unscathed in 2010, with courts slashing the size of potential shareholder classes, curtailing actions over excessive mutual fund fees, tightening up safe harbor provisions and blunting that oft-wielded weapon of prosecutors — the honest services fraud statute.

Defendants came out ahead in every major securities decision of the year with the exception of one high court ruling giving shareholders the right to  take a defendant's intent or knowledge of wrongdoing into account when determining when the clock begins to...
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