Stephen M. Sinaiko

Litigation

Stephen M. Sinaiko, Arielle Warshall Katz | Kramer Levin Naftalis & Frankel LLP

On March 5, 2014, the Supreme Court will hear oral argument in Halliburton Co. v. Erica P. John Fund, Inc., No. 13-317. This much-anticipated case will provide the Court with an opportunity to reexamine the “fraud on the market” doctrine – a central tool for...

Finance

Arthur H. Aufses III, Alan R. Friedman, Stephen M. Sinaiko | Kramer Levin Naftalis & Frankel LLP

On June 27, 2013, the Second Circuit resolved a question of law that previously had been unsettled in this Circuit when it held, in In re IndyMac Mortgage-Backed Sec. Litig., No. 11-2998-cv(L), that the Supreme Court’s tolling rule established in American Pipe & Construction Co. v. Utah...

Finance

Stephen M. Sinaiko, Steven S. Sparling | Kramer Levin Naftalis & Frankel LLP

For over 20 years, the “fraud on the market” theory, which the Supreme Court endorsed in Basic Inc. v. Levinson, 485 U.S. 224 (1988), has been a key tool for plaintiffs in class action securities fraud litigation under Section 10(b) of the Securities Exchange Act and SEC Rule 10b-5....

Securities & Exchange Commission (SEC)

Arthur H. Aufses III, Alan R. Friedman, Stephen M. Sinaiko, Matan A. Koch | Kramer Levin Naftalis & Frankel LLP

Over 15 years ago, in Central Bank of Denver, N.A. v. First Interstate Bank of Denver, N.A. , 511 U.S. 164 (1994), the Supreme Court held that Section 10(b) of the Securities Exchange Act and SEC Rule 10b-5 do not permit private civil plaintiffs to recover on an aiding and abetting theory....

Stephen M. Sinaiko, Brendan M. Schulman | Kramer Levin Naftalis & Frankel LLP

The Supreme Court recently announced its much-anticipated decision in Dura Pharmaceuticals, Inc. v. Broudo, 125 S. Ct. 1627 (2005), addressing the pleading and proof burdens that private plaintiffs must carry on the issue of loss causation in actions under section 10(b) of the Securities Exchange...