Securities Law Alert Email This Page Overview Our Team Media Overview Our Team Media Simpson Thacher’s Securities Law Alert is a monthly publication covering noteworthy decisions in the area of securities and shareholder litigation. In This Issue: Second Circuit: Affirms Dismissal of a Securities Fraud Class Action Against a Leading Hotel Chain Third Circuit: Affirms Dismissal of a Securities Fraud Class Action Where the Allegations Suggested Mismanagement Rather Than Fraud Fifth Circuit: Statements Concerning Transparency, Quality and Corporate Responsibility Are Inactionable Puffery Southern District of New York: Denies Class Certification in a Breach of Contract Action Concerning the Alleged Failure to Perform Suitability Analyses Southern District of New York: Dismisses Securities Fraud Class Action Against an Argentinian Real Estate Company Northern District of Indiana: Dismisses Securities Fraud Class Action Claims Against Former Private Equity Investors in a Medical Device Company Delaware Supreme Court: MFW’s Ab Initio Requirement Is Satisfied if the Controller Conditions the Transaction on MFW’s Procedural Protections Before the Commencement of Substantive Economic Negotiations Delaware Chancery Court: Finds a “Material Adverse Effect” for the First Time To view this month’s articles as a PDF, please click here. “Simpson Thacher’s securities litigation team is ‘at the top of the list—its lawyers are hard-nosed, smart, efficient and highly professional.’” – The Legal 500 2018 Prior Editions: August 2018 Securities Law Alert July 2018 Securities Law Alert May/June 2018 Securities Law Alert April 2018 Securities Law Alert March 2018 Securities Law Alert February 2018 Securities Law Alert January 2018 Securities Law Alert Year in Review 2017 Securities Law Alert November/December 2017 Securities Law Alert October 2017 Securities Law Alert September 2017 Securities Law Alert August 2017 Securities Law Alert July 2017 Securities Law Alert June 2017 Securities Law Alert May 2017 Securities Law Alert April 2017 Securities Law Alert March 2017 Securities Law Alert February 2017 Securities Law Alert January 2017 Securities Law Alert December 2016 Securities Law Alert November 2016 Securities Law Alert October 2016 Securities Law Alert September 2016 Securities Law Alert July 2016 Securities Law Alert June 2016 Securities Law Alert May 2016 Securities Law Alert April 2016 Securities Law Alert March 2016 Securities Law Alert February 2016 Securities Law Alert January 2016 Securities Law Alert December 2015 Securities Law Alert November 2015 Securities Law Alert October 2015 Securities Law Alert September 2015 Securities Law Alert August 2015 Securities Law Alert July 2015 Securities Law Alert June 2015 Securities Law Alert May 2015 Securities Law Alert April 2015 Securities Law Alert March 2015 Securities Law Alert February 2015 Securities Law Alert January 2015 Securities Law Alert By Last Name Show All A B C D E F G H I J K L M N O P Q R S T U V W X Y Z By Category Clear All Solution Corporate Governance Crisis Management Leveraged Finance National Security and Regulatory Practice Privacy and Cybersecurity Private Equity Lifecycle Shareholder Activism Spin-offs Strategic Alternatives UP-C Structures Industry Business and Professional Services Consumer Products Defense Education Energy – Oil and Gas Energy – Power and Infrastructure Financial Services FinTech Healthcare Industrials and Manufacturing Insurance and Reinsurance Media and Entertainment Metals and Mining Real Estate REITs Retail Sovereign Entities Technology Telecommunications Transportation Practice Acquisition Finance Additional Firm Practices Antitrust and Competition – Litigation and Investigations Antitrust and Competition – M&A Asia Litigation Asset Management M&A Banking and Credit Bankruptcy Litigation Capital Markets Complex Commercial Litigation Corporate Corporate – M&A Debt Derivatives Environmental Equity and Equity Linked ERISA Litigation Executive Compensation and Employee Benefits Exempt Organizations False Advertising Litigation Financial Institutions Fund Finance Fund Finance Practice Government and Internal Investigations High Yield Initial Public Offerings Insurance and Reinsurance Intellectual Property Intellectual Property Litigation International Arbitration International Regulatory and Compliance Investment Funds Investment Grade Finance Labor and Employment Latin America Law Firm Practice Litigation Mergers and Acquisitions Mergers and Acquisitions Litigation Personal Planning Private Capital and Special Situations Private Equity Private Funds Product Liability and Mass Tort Project Finance Public Company Advisory Practice Real Estate Registered Funds Regulatory Advice Restructuring and Bankruptcy Securities Litigation Tax Whistleblower and False Claims Act Office Beijing Hong Kong Houston London Los Angeles New York Palo Alto São Paulo Tokyo Washington, D.C. Position Partner Of Counsel Senior Counsel Counsel Associate Not Yet Admitted Registered Foreign Lawyer Transaction Manager Senior Staff Attorney Administrative View Only Lawyers... View Only Administrative... Filter by: All Partners and Counsel Associates Administrative Close Team Related Practice Areas Related Client Solutions Related Industries Offices Close News & Events Publications Editors Alexis S. Coll-Very Partner +1-650-251-5201 acoll-very@stblaw.com Susannah S. Geltman Partner +1-212-455-2762 sgeltman@stblaw.com Cheryl J. Scarboro Partner +1-202-636-5529 cscarboro@stblaw.com Deborah L. Stein Partner +1-310-407-7525 dstein@stblaw.com Authors: Stephen P. Blake Alexis S. Coll-Very Brooke E. Cucinella Paul C. Curnin Stephen M. Cutler Michael J. Garvey Susannah S. Geltman Paul C. Gluckow Nicholas Goldin Peter E. Kazanoff Michael D. Kibler Jeffrey H. Knox James G. Kreissman Chet A. Kronenberg Joshua A. Levine Joseph M. McLaughlin Lynn K. Neuner Michael J. Osnato, Jr. Cheryl J. Scarboro Mark J. Stein Peter Thomas Alan C. Turner Craig S. Waldman George S. Wang Jonathan K. Youngwood Related Practice Areas Securities Litigation Mergers and Acquisitions Litigation Government and Internal Investigations ERISA Litigation Whistleblower and False Claims Act