To the category of unintended consequences, you can add a Supreme Court ruling that could help securities class action defense lawyers and their clients. The Court voted 5 to 4 Monday to throw out a claim that former attorney general John Ashcroft and FBI director Robert Mueller violated the Constitutional rights of a detainee caught in a post-9/11 roundup. The decision could make it harder on securities class action plaintiffs at the pleading stage by requiring them to plead facts and not just conclusions.
Supreme Court Detainee Case May Affect Securities Class Actions
The American Lawyer
May 19, 2009