Securities Litigation Alert: Supreme Court Addresses Pleading Standards Applicable to Section 11 Claims Based on Statements of Opinion

Category: Client Alerts
Date: March 27, 2015
Title: Securities Litigation Alert: Supreme Court Addresses Pleading Standards Applicable to Section 11 Claims Based on Statements of Opinion

This alert discusses the Supreme Court’s decision regarding the case Omnicare, Inc. v. Laborers District Council Construction Industry Pension Fund. The decision addresses important issues relating to the pleading standards that apply in actions under Section 11 of the Securities Act of 1933.