U.S. Supreme Court Accepts Appeal Over Section 14(e) Pleading Standard

Mealey's (January 4, 2019, 3:59 PM EST) -- WASHINGTON, D.C. — The U.S. Supreme Court on Jan. 4 granted a petition for writ of certiorari in a case appealing a Ninth Circuit U.S. Court of Appeals ruling in a securities class action lawsuit that Section 14(e) of the Securities Exchange Act of 1934 requires proof of negligence and not scienter (Emulex Corp., et al. v. Gary Varjabedian, et al., No. 18-459, U.S. Sup.)....