Securities Law Alert, October 2010
This month’s edition of the Securities Law Alert addresses: the Fifth Circuit’s reinstatement of insider trading charges against Mark Cuban; the two securities cases on the Supreme Court’s docket for October Term 2010, one addressing the scope of secondary actor liability under Section 10(b) and the other concerning the disclosure obligations of pharmaceutical companies with respect to non-statistically significant adverse events; the Southern District of New York’s denial of a motion to dismiss in a major subprime-related class action against Sallie Mae; a Delaware Chancery Court decision considering the reasonableness of a merger termination fee; and the most recent jurisprudence applying the Supreme Court’s ruling in Morrison v. National Bank.