An Adverse Event For Statistical Significance

Law360, New York (March 25, 2011, 11:50 AM EDT) -- Plaintiffs seeking to assert securities fraud claims against health care companies based on the failure to disclose adverse event reports will not be required to allege that the reports were “statistically significant,” the standard that had been articulated by a number of courts.

The March 22 opinion of the U.S. Supreme Court in Matrixx Initiatives Inc. v. Siracusano, No. 09-1156, in so holding unanimously, did away with the bright-line “statistical significance” standard that has been employed by the Second Circuit as well as several other federal...
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