Below is a link to my July article for InHouse, the newspaper for in-house attorneys.  It discusses the US Supreme Court view on bringing securities law class actions, with an interesting sidelight on how the SEC proposes to clamp down on lawyers defending companies and directors in those kinds of lawsuits.  Let me know your thoughts and, particularly for counsel, any recent experiences with the SEC involving resistance to the mounting of a vigorous defense.

 http://www.duanemorris.com/articles/static/honig_neih_0711.pdf