Partner William Regan Authors Article in The Deal on Class Certification in Securities Fraud

William Regan, a partner in the firm’s Securities Litigation Practice, authored an article in The Deal on shareholder class certification in securities fraud cases. “In recent years, the U.S. Courts of Appeals for the 5th and 2nd Circuits have issued a series of opinions re-emphasizing that, in order to certify a shareholder class in a securities fraud case brought under Section 10(b) of the Securities Exchange Act, district courts must carefully scrutinize all available evidence and determine that the requirements of Rule 23 of the Federal Rules of Civil Procedure have been satisfied by a preponderance of the evidence,” Mr. Regan writes. The article examines the approaches taken by the two courts and the criticism they have received as a result. (“Securities Fraud Litigation,” June 2, 2010)