Drafters of the Private Securities Litigation Reform Act filed an amicus brief in the Halliburton fraud-on-the-market case, writing that the 1995 law did not address the theory. Their “sole interest is in having the Court decide those issues free from the mistaken notion that Congress endorsed the fraud-on-the-market theory in the PSLRA,” says the brief. American Lawyer
2013 was a relatively quiet year for e-discovery, but it did underscore that standards are far from settled, reports Law Technology News.
Separate reports from three law firms are predicting an increase in FCPA criminal penalties in 2014, as well as more cooperation from other nations. Corporate Counsel