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The Paul, Weiss Litigation Department is led by a team of the country’s most accomplished trial lawyers. Our litigators in New York, San Francisco and Washington, D.C. handle the most complex and demanding lawsuits, class actions, government investigations, criminal prosecutions and restructurings. Our clients include Fortune 50 corporations and other prominent companies in the financial services, investment, medical device, pharmaceutical, sports, technology, energy, media and insurance industries. Every day, we are called on by chief executives, board chairs, general counsel, investors and entrepreneurs for our unmatched trial skills, sophisticated business judgment and renowned strategic advice.
November 30, 2016 download PDF
In GAMCO Investors v. Vivendi Universal, the Second Circuit provided defendants in securities litigation suits with a method to rebut the fraud-on-the-market presumption by showing that the plaintiffs would have purchased the securities even if they had known about the fraud. However, note litigation partners Martin Flumenbaum and Brad S. Karp in their monthly column, the scope of the Second Circuit's decision leaves practitioners still awaiting further guidance on other theories of rebuttal. The article, "Rebuttal of Fraud-on-the-Market Presumption Post 'Halliburton II,'" appeared in the November 29 issue of the New York Law Journal. Law clerk Kristina Bunting assisted in the preparation of this article.