December 10, 2004

Group Pleading

The New York Law Journal has an article (via - free regist. req'd) on whether the group pleading doctrine, which creates a presumption that a company's senior officers are collectively responsible for misrepresentations or omissions contained in public statements made by the company, is compatible with the heightened pleading standards of the PSLRA. The article discusses the Fifth Circuit's decision in the INSpire case from earlier this year. (For The 10b-5 Daily's summary of the decision click here.)

Posted by Lyle Roberts at December 10, 2004 6:21 PM | TrackBack
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