On Friday, November 15, the U.S. Supreme Court agreed to reconsider a 25-year-old legal theory underpinning securities class actions. Labaton Sucharow LLP partner Ira Schochet said the Supreme Court should resist taking such a dramatic step. “This will likely hurt the primary advantage U.S. capital markets have over those of any other in the world — its level of transparency, accountability and honesty,” he said.
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