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Expert Analysis

The Lessons And Limitations Of Chadbourne V. Troice

Law360, New York ( April 14, 2014, 7:24 PM EDT) -- In February, the U.S. Supreme Court decided 7-2 in favor of plaintiffs in an action requiring the interpretation of the Securities Litigation Uniform Standards Act of 1998. Chadbourne & Parke LLP v. Troice (2014). Other than being very good news for the plaintiff investors, and far less so for the defendants — including two large national law firms: Chadbourne & Parke LLP and Proskauer Rose LLP, we attempt here to dig a little deeper to ferret out what more may be learned from Supreme Court Justice Stephen G. Breyer's opinion and the implications for the future of securities litigation....

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