Securities Litigation

Recent Activity

Results are sorted by the date of most recent activity.

Slack Technologies, LLC v. Pirani

October 3, 2022

U.S. Chamber files coalition amicus brief urging Supreme Court to grant certiorari and hold that plaintiffs alleging a Section 11 claim under the Securities Act of 1933 must be able to “trace”...

Public Employees’ Retirement System of Mississippi v. Acuity Brands, Inc.

July 25, 2022

Eleventh Circuit dismisses appeal following parties’ settlement. The U.S. Chamber filed an amicus brief urging the court to hold that Comcast Corp. v. Behrend fully applies to securities-...

SEC v. Rio Tinto PLC

July 15, 2022

Second Circuit rules for defendant in securities fraud case, rejecting SEC’s argument that misstatements and omissions alone can form the basis for scheme liability. The court explained that...

Kirschner v. JP Morgan Chase & Co.

May 19, 2022

U.S. Chamber files coalition amicus brief arguing that syndicated term loans are not securities.

In re Goldman Sachs Group

May 18, 2022

U.S. Chamber files coalition amicus brief urging Second Circuit to reverse class certification decision that improperly applied the Supreme Court’s “mismatch” framework for assessing relationship...

Pirani v. Slack Technologies, Inc. (rehearing)

May 2, 2022

Ninth Circuit denies petition for rehearing in case regarding the “tracing” requirement for claims under Section 11 of the Securities Act of 1933. The U.S. Chamber filed two coalition amicus...

Wong v. Restoration Robotics, Inc.

April 29, 2022

California Court of Appeal upholds legality of “federal forum provision” requiring claims under the Securities Act of 1933 to be brought in federal court instead of state court. The U.S. Chamber...

Construction Laborers Pension Trust Southern CA v. Marriott International, Inc.

April 21, 2022

Fourth Circuit affirms district court’s dismissal of complaint alleging violations of federal securities laws by supposed omission of material information about data vulnerabilities in company’s...

In re Goldman Sachs Group

March 9, 2022

Second Circuit grants petition for leave to appeal. The U.S. Chamber has filed eight amicus briefs at different stages of this case in the Second Circuit and Supreme Court—and will now file a...

Pivotal Software, Inc. v. Superior Court of County of San Francisco

January 13, 2022

Supreme Court dismisses case in light of a settlement. The U.S. Chamber filed two amicus briefs in this case.