The Ninth Circuit recently ruled that a company announcement of an internal investigation is insufficient to establish a loss causation theory in a securities fraud action under section 10(b) of the Exchange Act. Specifically, it stated that an announcement of an investigation is not a corrective disclosure“”an event that discloses a company’s fraud. This Comment…

With the Supreme Court poised to address the fate of the disparate impact theory this term, a recent decision by the U.S. District Court in the District of Columbia has grabbed the legal community’s attention: it struck down the U.S. Department of Housing and Urban Development’s (HUD) rule recognizing the disparate impact theory under the…