February 12, 2007

In this article published in the Security Regulation & Law Report, Partner Stephen L. Ascher and Associate Hanna L. Stotland address the issues raised in the case Tellabs, Inc. v. Makor Issue & Rights, Ltd., which is currently under review by the United States Supreme Court. The Court will review varying interpretations of a provision in the Private Securities Litigation Reform Act of 1995, which requires a private plaintiff asserting a securities fraud claim to “state with particularity facts giving rise to a strong inference that the defendant acted with the required state of mind.”