L&K Insights

Dive deep into the world of securities and class action law with expert commentary, analysis, and updates from the seasoned professionals at Levi & Korsinsky LLP

Required Field

Ninth Circuit Elevates Probative Value of Former Employee Statements at the Pleading Stage in 10b-5 Actions

September 19, 2023

Ninth Circuit Holds Former Employee Statements Can Be Probative of Scienter in 10b-5 Actions at the Pleading Stage Even Where the Former Employee Departed the Company Before the Class Period Began or Had No Direct Contact With a Defendant Whether allegations in a complaint raise a strong inference of scienter is one of the most...

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By David C. Jaynes

L&K Attorneys Defeat Motions to Dismiss Securities Act Claims in Victory for IPO Investors

August 25, 2023

In a meaningful victory for shareholders, Levi & Korsinsky attorneys recently defeated two motions to dismiss a securities fraud class action brought on behalf of investors who purchased common stock issued in Stronghold Digital Mining, Inc.’s IPO.[1] Stronghold is pending in the United States District Court for the Southern District of New York before United...

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By Rachel Berger

Which Cryptocurrencies Are “Securities”? SEC Request to Appeal Highlights Split Decisions in the Southern District of New York

August 25, 2023

Digital-asset investors have long faced uncertainty regarding the protections afforded to their investments by United States law. On August 18, 2023, citing split between two judges in the United States District Court for the Southern District of New York, the SEC filed a motion that requests permission to file an appeal in the United States...

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By Rachel Berger