Author Archives: James S. Burrell, II

Securities Class Actions: Should Claimants Plead Section 20(b) in Light of Janus?

Securities law practitioners are undoubtedly aware of the U.S. Supreme Court’s decision in Morrison v. Nat’l Australia Bank, which appears to have significantly narrowed the scope of a plaintiff’s implied right of action under Section 10 of the Securities and Exchange … Continue reading

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Traders “Going Rogue” Redux

In connection with volatile stock markets, Warren Buffett once said, “It’s only when the tide goes out that you learn who’s been swimming naked.” One would expect to see some naked swimmers, i.e. traders who are suffering huge losses, when … Continue reading

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Investors Benefit From U.S. Supreme Court’s Rejection of Statistical Significance Test

On March 22, 2011,  the United States Supreme Court  delivered a unanimous opinion that is quite favorable to investors and the lawyers who represent them. Plaintiffs  in this securities class action alleged that Matrixx Initiatives, Inc., the maker of a popular zinc-based … Continue reading

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