Supreme Court Detainee Case May Affect Securities Class Actions

Supreme Court Detainee Case May Affect Securities Class Actions
The American Lawyer

To the category of unintended consequences, you can add a Supreme Court ruling that could help securities class action defense lawyers and their clients. The Court voted 5 to 4 Monday to throw out a claim that former attorney general John Ashcroft and FBI director Robert Mueller violated the Constitutional rights of a detainee caught in a post-9/11 roundup. The decision could make it harder on securities class action plaintiffs at the pleading stage by requiring them to plead facts and not just conclusions.[more]