Dismissal With Prejudice: Stopping A Securities Class Action The First Time Around

Law360, New York (June 7, 2006, 12:00 AM EDT) -- Courts typically grant plaintiffs leave to amend after dismissing a defective securities class action complaint. This means that instead of celebrating a hard-fought victory on a motion to dismiss, many defendants are left with a series of uncomfortable questions: (i) will the plaintiffs amend?; (ii) will the amended complaint survive a second motion to dismiss?; and (iii) perhaps most importantly, how much will it cost to prepare and argue yet another motion to dismiss?

A recent case against a Fortune 100 financial institution demonstrates the importance...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.