Thad Behrens in Corporate Counsel: Review of 2011 Securities Litigation Forecasts for 2012 and Beyond
Securities class actions are getting their day in court, according to Haynes and Boone’s inaugural report,
“Securities Litigation Year in Review” [PDF]. For a second straight year, the U.S. Supreme Court issued a set of game-changing decisions in 2011, and from a corporate perspective, it was a “win some, lose some” term.
"What's really been remarkable in 2010 and 2011 is that there's been an unusual level of activity from the U.S. Supreme Court in securities cases,” says Thaddeus Behrens, a partner in the firm’s Dallas office who co-authored the report.
Although the court has been viewed recently as pro-business, its most recent decisions on securities cases have been split. Depending on how they are characterized, Behrens says that three of the five most significant rulings in the last two terms have tilted in a pro-plaintiff direction.
Excerpt from Corporate Counsel, Feb. 13, 2012. To view the full article, click here (subscription required).