Top Plaintiffs Firms Say Amgen No License To Print Money

Law360, New York (February 28, 2013, 9:23 PM EST) -- Top shareholder lawyers have a message for the securities defense bar: Calm down.

Plaintiffs firms told Law360 that the U.S. Supreme Court's recent Amgen Inc. decision wouldn't undo a decade of litigation reform, as its opponents claim, but would simply even out the playing field, resolve a circuit split and save the fight over materiality for the trial phase, where it belongs.

The high court on Wednesday affirmed the Ninth Circuit's ruling that securities fraud class actions must only plausibly allege — not prove — that...
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