Peter B. Morrison, Virginia Milstead, Winston P. Hsiao, Zachary Faigen and Raza Rasheed

Skadden Discusses Significant Ninth Circuit Ruling on Scienter in Securities Fraud

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On June 10, 2020, the Ninth Circuit affirmed the dismissal of a putative securities fraud class action in a potentially significant decision for securities defendants, particularly those in the pharmaceutical, biotech and medical device space. The Ninth Circuit in Nguyen …