Solicitor General Allowed To Participate In Securities Lawsuit Oral Arguments

Mealey's (April 2, 2019, 1:00 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on April 1 granted U.S. Solicitor General Noel J. Francisco’s motion for leave to participate in oral arguments as amicus curiae and for divided argument in an appeal of 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 only a showing of negligence and not scienter (Emulex Corp., et al. v. Gary Varjabedian, et al., No. 18-459, U.S. Sup.)....