December 20, 2013
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.
November 15, 2013
A Third Circuit panel Friday rejected an investor's attempt to revive a putative securities fraud class action accusing Kid Brands Inc. of obscuring its products' origins to avoid duties and misleading investors about its financial health, finding that the investor did not show intent to deceive.