High Court Term Draws Bright Lines For Securities Bar

Law360, New York (July 1, 2011, 2:07 PM EDT) -- In a series of rulings that helped define the bounds of class certification in securities and other cases and limited the ability to bring claims against secondary actors in mutual fund litigation, the U.S. Supreme Court gave lower courts a clearer picture of how securities class actions should look and what is required for them to proceed.

In recent years, the Supreme Court has taken on an increasing number of securities-related cases, all of which decided who can bring and who must defend securities class actions....
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