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High Court’s Amgen Ruling Reaffirms Heightened Pleading Standard for ERISA Stock-Drop Suits
Topic: Securities Regulation
By Michael A. Valerio, a Shareholder in the Financial Services and Insurance Litigation Practice Group at Carlton Fields Jorden Burt, P.A. in its Hartford, CT office.
Counsel's Advisory, March 18, 2016, 1 pages
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Publication Summary:

The U.S. Supreme Court properly reversed a Ninth Circuit decision that encouraged plaintiffs’ lawyers to sue retirement-plan fiduciaries immediately upon the reduction in value of a stock owned by the plan.
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