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• Securities Class Action Litigation in the U.S.: What Asian issuers need to know ( August 2004 )
  

  "Why do public companies in the U.S. get sued by shareholders so often?" is a question often raised by management and directors of Asian companies which have listed in the U.S. or are considering such a listing. The answer is simple: a unique practice in the U.S. known as class action litigation. Class action litigation allows shareholders to cost-effectively aggregate their claims and recoup a portion of their losses resulting from a violation of the U.S. securities laws by the issuer.

• Securities Enforcement and Litigation ( December 2003 )
  

  Scott O'Connell, the leader of the Financial Services and Securities Litigation team at Nixon Peabody LLP, approached the topic of securities enforcement and litigation by using a hypothetical scenario involving "Inkblot Industries&rdquot;, a fictitious Delaware corporation doing business in California as a manufacturer of computer peripherals. Inkblot management had uncovered material revenue recognition issues; the company had reported revenue derived from certain oral side agreements.

• The California Supreme Court Recognizes Holdings Claims for Securities Actions ( December 2003 )
  

  Disclosures during the past three years have revealed extensive fraud involving numerous corporations-fraud so massive that it contributed to an overall decline in the stock market and perhaps to a decline in the economy generally. It is clear that the majority opinion, influenced by recent corporate scandals has opened the doors in California's state courts to holder actions.

• Oxford Decision Addresses Class Certification And Lead Plaintiff Issues ( July 2000 )
  

  This article discusses a recent U.S. District Court decision that reached some noteworthy decisions regarding class certifications in securities fraud actions.

• Denial That Company For Sale Not An Actionable Misstatement ( November 1999 )
  

  The United States Court of Appeals for the Fourth Circuit has affirmed the dismissal of a securities fraud class action by selling shareholders, holding that a statement that "[w]e're not a company that's for sale," made by its CEO shortly before the company announced that it had reached a merger agreement, was not actionable.

• Ninth Circuit Reverses PSLRA Discovery Grant, Finding No Undue Prejudice ( October 1999 )
  

  The Ninth Circuit Court of Appeals recently reversed a district court decision granting limited discovery to plaint.

• Congress Acts to end State-Court Securities Class Actions ( September 1999 )
  

  Good news: Congress has dealt a serious setback to securities class actions. On October 13, 1998, the House and Se.

• Diamond Multimedia and the Uniform Standards Act: Will All Nationwide Securities Class Actions Now Be Filed In Federal Court?--Diamond Multimedia and the Uniform Standards Act ( August 1998 )
  

  This article presents a discussion of the Uniform Securities Act and its effect on securities class action suits.

• The Reform Act in Review--Twenty Months and Counting ( September 1997 )
  

  This article details how The Reform Act changed the federal securities laws in several significant ways in an attempt to discourage frivolous securities class action lawsuits.