With plaintiffs targeting employee benefit plans at an accelerating speed, Paul, Weiss has built an exceptional practice defending plan sponsors, fiduciaries and service providers in the technically demanding, high-stakes arena of ERISA, pension- and employee benefits-related class actions and related litigation. We are also among the preeminent firms nationally in handling the securities litigation that frequently accompanies ERISA disputes.
Second Circuit Review: Application of Bespeaks-Caution And Loss Causation Defenses
October 27, 2010
Litigation partners Marty Flumenbaum and Brad Karp's Second Circuit Review column appeared in the October 27 issue of the New York Law Journal. The article discusses Iowa Public Employees' Retirement System v. MF Global, Ltd., in which the U.S. Court of Appeals for the Second Circuit addressed the bespeaks-caution doctrine and loss causation defense in the context of securities claims brought under §§11 and 12 of the Securities Act of 1933. Litigation associate Joshua Kobrin assisted in the preparation of the column.