Court Rules Tellabs Suit Must Proceed

Law360, New York (January 18, 2008, 12:00 AM EST) -- The Tellabs securities class action that prompted the U.S. Supreme Court to heighten a federal pleading standard will return to a district court, now that an appeals court has ruled the plaintiffs met the new pleading standard their case inspired.

In a unanimous ruling handed down on Thursday, the U.S. Court of Appeals for the Seventh Circuit sent Makor Issues & Rights Ltd. v. Tellabs Inc. back to the U.S. District Court for the Northern District of Illinois after finding that the complaint adequately alleged that...
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