Amgen Ruling Placed Cert. Bar Too Low, Ex-SEC Officials Say

By Eric Hornbeck (August 17, 2012, 6:04 PM EDT) -- A group including former U.S. Securities and Exchange Commission officials urged the U.S. Supreme Court on Wednesday to overturn the Ninth Circuit's lowered materiality bar during class certification of securities cases, arguing the decision will frighten defendants into settling weak cases....

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