2014 Cases To Watch For Securities Litigators

Law360, New York (February 19, 2014, 5:35 PM EST) -- The federal securities litigation landscape is likely to look very different come December 2014.

The U.S. Supreme Court is poised to reconsider the continuing validity of Basic v. Levinson’s fraud-on-the-market presumption of reliance — a decision that would fundamentally undermine a plaintiff’s ability to certify a securities class action and to prove the elements of reliance and loss causation on a classwide basis.

The Supreme Court also is likely to address the scope of preclusion under the Securities Litigation Uniform Standards Act and whether ERISA’s presumption...
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