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The Securities Exchange Act of 1934 (commonly known as the "Exchange Act" or the "1934 Act") gives shareholders the right to bring a private action in federal court to recover damages the shareholder sustained as a result of securities fraud. The majority of securities fraud claims are brought pursuant to Section 10 (b) of the Exchange Act ...
The Securities Litigation Uniform Standards Act of 1998 ( SLUSA ), Pub. L. 105–353 (text) (PDF), 112 Stat. 3227, is a federal legislative act in the United States regarding private class action lawsuits for securities fraud.
Elements of the offense To establish a claim under Rule 10b-5, plaintiffs (including the SEC) must show (i) Manipulation or Deception (through misrepresentation and/or omission); (ii) Materiality; (iii) "In Connection With" the purchase or sale of securities, and (iv) Scienter.
A securities class action ( SCA ), or securities fraud class action, is a lawsuit filed by investors who bought or sold a company's publicly traded securities within a specific period of time (known as a “class period”) and suffered economic injury as a result of violations of the securities laws . In cases involving misleading statements ...
Litigation finance firms — and there’s a growing number of them — basically want to estimate as accurately as possible the risk involved so they can bet on the right horses.
The following list reflects major actions that the Enforcement Division of the United States Securities and Exchange Commission (SEC) brought in 2009–2012. The SEC is a federal agency of the United States. It holds primary responsibility for enforcing the federal securities laws and regulating the securities industry, the nation's stock and ...
The California Labor Commissioner's Office has fined Amazon a total of $5.9 million following accusations the company violated the state's Warehouse Quota Law.
Securities regulation in the United States is the field of U.S. law that covers transactions and other dealings with securities. The term is usually understood to include both federal and state-level regulation by governmental regulatory agencies, but sometimes may also encompass listing requirements of exchanges like the New York Stock ...