Cadwalader allows sharing content.
Email to a friend or colleague:
From
To
Subject
Email Looking back, 2022 was light on groundbreaking appellate-level securities decisions. The U.S. Court of Appeals for the Second Circuit, however, closed out the year with a notable decision in Menora Mivtachim Insurance Ltd. v. Frutarom Industries Ltd., articulating a new, restrictive conception of the purchaser-seller rule that limits the class of plaintiffs with standing to recover under Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. https://www.cadwalader.com/resources/clients-friends-memos/securities-litigation-alert-second-circuit-adopts-restrictive-view-of-purchaser-seller-rule-limiting-section-10b-standing-to-transactions-in-securities-of-company-about-which-alleged-misstatements-were-made