We are pleased to share the most recent edition of the Simpson Thacher Securities Law Alert, edited by litigation Partners Jonathan Youngwood, Peter Kazanoff, and Paul Gluckow. The following is a summary of the December 2012 edition of the Alert:
This month’s Alert addresses a Sixth Circuit decision affirming dismissal of negligent misrepresentation claims against three major rating agencies in connection with mortgage-backed securities, as well as a Southern District of New York opinion addressing the standard for remote tippee liability in insider trading prosecutions. We also review ten of the most notable circuit court decisions of 2012.
To view and print the full Securities Law Alert, please click here.