Gregg L. Weiner, a partner at Fried, Frank, Harris, Shriver & Jacobson, writes that the Supreme Court has recently agreed to hear a securities fraud pleading case that will address the standard for measuring whether the facts alleged in the complaint are sufficient to create a "strong inference" that the defendant acted with fraudulent intent. It is difficult to predict how the Supreme Court will resolve the question, and what impact the Court's two new members will have.
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Outside Counsel
Ruling Near on Securities Fraud Pleading Standards
New York Law Journal
February 21, 2007
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