More Demanded Of Plaintiffs In Financial Crisis Suits

Law360, New York (April 16, 2010, 4:47 PM EDT) -- The first three months of 2010 saw the curtain fall on a number of the cases stemming from the financial crisis, and the decisions reflected a view that companies simply got caught up in nearly unprecedented events, according to attorneys.

John Jordak, chair of the securities litigation group at Alston & Bird LLP, said courts were establishing a pattern similar to that seen following the oil and gas bubble in the 1980s and the dot-com crash at the beginning of the 2000s. Courts are requiring plaintiffs...
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