Securities Law Alert, December 2012
This month’s Alert addresses a Sixth Circuit decision affirming dismissal of negligent misrepresentation claims against three major rating agencies in connection with mortgage-backed securities, as well as a Southern District of New York opinion addressing the standard for remote tippee liability in insider trading prosecutions. We also review ten of the most notable circuit court decisions of 2012.
We wish you and yours a wonderful holiday season, and a happy new year.