Spring Supreme Court Roundup

Law360, New York (June 8, 2010, 12:49 PM EDT) -- The Supreme Court has been active this spring, issuing rulings directly affecting the most common securities law litigation. Its rulings have been largely a conservative approach to the law, occasionally favoring plaintiffs and occasionally defendants.

The Merck opinion demonstrates that a court heavily influenced by strict constructionists has a better chance of reaching across philosophical divides than does the more election-driven Congress. Merck & Co. Inc. v. Reynolds, No. 08-905, 2010 U.S. LEXIS 3671 (U.S. Apr. 27, 2010). The opinion interpreted the statute of limitations in...
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