Susanna M. Buergel, Andrew J. Ehrlich, Brad S. Karp, Daniel J. Kramer, Richard A. Rosen and Audra J. Soloway

Paul Weiss Discusses Increased Burden of Pleading Corporate Scienter

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On May 27, the Second Circuit issued a ruling that significantly heightens the already heavy burden plaintiffs face in pleading corporate scienter.  The Second Circuit affirmed dismissal of a putative securities class action against Kimberly-Clark Corporation and Avanos Medical, Inc. …