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Emerging Issues In Securities Litigation: Pleading Scienter In 10b-5 Actions After Tellabs

29 April 2008
Mayer Brown Newsletter
The Supreme Court's Tellabs decision has been widely seen as making it more difficult for private securities fraud plaintiffs to satisfy the Private Securities Litigation Reform Act's (PSLRA) requirement of pleading a "strong inference" of scienter, by holding that such plaintiffs "must plead facts rendering an inference of scienter at least as likely as any plausible opposing inference."
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