How They Won It: Skadden Shapes Law In Kid Brands Case

Law360, New York (December 20, 2013, 6:49 PM EST) -- In defeating a securities class action targeting children's product maker Kid Brands Inc., attorneys from Skadden Arps Slate Meagher & Flom LLP took aim at the plaintiffs' confidential witness testimony and scored a precedential Third Circuit ruling that demands more from certain plaintiffs making accusations of securities fraud.

A three-judge panel for the appeals court in November put a putative securities fraud class action to rest that accused Kid Brands of obscuring its products' origins to avoid duties and misleading investors about its financial health, siding...
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