Verdict In Tellabs Case To Define Pleading Standard

Law360, New York (March 23, 2007, 12:00 AM EDT) -- A much-watched case that has evolved from a simple securities fraud suit into a heated debate over federal pleading standards will take center stage at the Supreme Court on Wednesday.

The Supreme Court will hear Tellabs, Inc. v. Makor Issues & Rights, a case that has evolved into a debate over Congress’ intended definition of the phrase “strong inference” and could have a deep impact on securities litigation.

The court’s ruling, expected in the middle of the year, will decide the extent to which plaintiffs must...
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