Iqbal’s Impact On SEC Enforcement Actions

Law360, New York (April 8, 2010, 10:19 AM EDT) -- Almost a year has passed since the Supreme Court handed down its decision in Ashcroft v. Iqbal further strengthening Federal Rules of Civil Procedure 8’s basic pleading standard, and the landmark decision’s impact on SEC enforcement actions is just beginning to take shape. So far, it appears that Iqbal has raised the pleadings bar for the SEC in some circuits, though not nearly as high as the defense bar may have hoped.

Twombley & Iqbal: The New Rule 8 Pleading Standard

Beginning in 2007 and culminating...
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