Securities Cases Plaintiffs Attorneys Must Watch In 2019

By Douglas Bunch and Alice Buttrick (January 1, 2019, 12:03 PM EST) -- A basic premise of the federal securities laws is that investors are entitled to trust the veracity of a company's public statements. In 2018, defendants in three key securities cases made novel attacks on the idea that corporations and corporate speakers are responsible for the accuracy of the statements they make to the investing public. From the plaintiff's perspective, these tactics appear to be inspired by the "post-truth" era we have entered in the political realm, where facts are increasingly disregarded....

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