***Search other cases***

Tellabs, Inc. v. Makor Issues & Rights, Ltd.

Close Date: 06/01/2007
Docket: 06-484

Description:

Pleading: Securities Fraud Complaint

Whether, and to what extent, a court must consider or weigh competing inferences in determining whether a complaint asserting a claim of securities fraud has alleged facts sufficient to establish a "strong inference" that the defendant acted with scienter, as required under the Private Securities Litigation Reform Act of 1995.

The Supreme Court granted cert, and Public Citizen filed an amicus brief in support of the respondents. The Court held in favor of the petitioner.