Law360 (January 1, 2019, 12:03 PM EST) -- In 2019, securities attorneys will be following a U.S. Supreme Court case involving an investment banker accused of committing fraud for forwarding his boss' misstatements, and hoping for additional clarity about how to establish loss causation in stock-drop suits.
A Supreme Court decision in Lorenzo v. Securities and Exchange Commission, which addresses whether Francis V. Lorenzo can be held liable for sending clients misleading emails drafted by his boss, might ultimately result in more securities litigation brought by private plaintiffs, attorneys say.
Attorneys are also eyeing whether securities class actions might be impacted by institutional investors that choose to opt out of...
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