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• Securities Class Action Litigation in the U.S.: What Asian issuers need to know ( August 2004 )
  Paul W. Boltz, Jack C. Auspitz and Charles C. Comey of Morrison & Foerster LLP

  "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 of Nixon Peabody LLP

  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 )
  Edward  Gartenberg of Thelen Reid Brown Raysman & Steiner LLP

  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 )
  Weil, Gotshal & Manges LLP

  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 )
  Rosenman & Colin LLP

  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.

• Congress Acts to end State-Court Securities Class Actions ( September 1999 )
  Pillsbury Winthrop Shaw Pittman LLP

  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 )
  Brobeck Phleger & Harrison LLP

  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 )
  Brobeck Phleger & Harrison LLP

  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.

• Ninth Circuit Rejects Presumption of Reliance in Mixed Misrepresentations, Omissions Cases ( June 1999 )
  Cadwalader, Wickersham & Taft LLP

  The Ninth Circuit Court of Appeals recently held that plaintiffs are not entitled to a presumption of reliance when.

• Recent SEC Developments -- Adoption of Plain English Disclosure Rules and Amendments to Beneficial Ownership Reporting Requirements ( June 1999 )
  Coudert Brothers LLP

  The SEC recently adopted rules requiring the use of "plain english" in certain sections of prospectuses .