Chamber Lauds Supreme Court Decision in Securities Fraud Case

Chamber Lauds Supreme Court Decision in Securities Fraud Case

WASHINGTON, D.C.—Robin Conrad, executive vice president of the National Chamber Litigation Center (NCLC), applauded today's decision by the U.S. Supreme Court in Tellabs, Inc. et al. v. Makor Issues & Rights, Ltd., clarifying the standards for allegations of securities fraud.

"By adopting a standard that weeds out baseless allegations of securities fraud, today's Supreme Court decision will go a long way in reducing abusive securities class actions, discouraging blackmail settlements, and providing greater certainty for the financial industry and investors," said Conrad.

NCLC, the public policy law firm of the U.S. Chamber of Commerce, is a membership organization that advocates fair treatment of business in the courts and before regulatory agencies. The U.S. Chamber of Commerce is the world's largest business federation representing more than 3 million businesses and organizations of every size, sector, and region.

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