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Pleading Standard Under Private Securities Litigation Reform Act

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The firm filed an amicus curiae brief in Tellabs, Inc. v. Makor Issues & Rights on behalf of Public Citizen and the Center for Study of Responsive Law (a Ralph Nader organization) addressing the heightened pleading standard under the Private Securities Litigation Reform Act (PSLRA).

We urged the Court to interpret that standard to ensure that the PSLRA’s pleading standard comports with the burden of proof and to guarantee the Seventh Amendment right to trial by jury.

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