SECURITIES ACT OF 1933

California Public Employees’ Retirement System v. ANZ Securities, Inc., et al.

(LIIBULLETIN preview)

This case arose out of the 2008 collapse of Respondent Lehman Brothers Holdings Inc. (“Lehman Brothers”). See In Re Lehman Bros. Securities and ERISA Litigation, 799 F. Supp. 2d 258, 264 (S.D.N.Y. 2011). Lehman Brothers was a large investment bank,...

Cyan, Inc. et al. v. Beaver County Employees Retirement Fund

(LIIBULLETIN preview)

Congress enacted the Securities Act of 1933 (“Securities Act”) to regulate the securities industry after the 1929 stock market crash. Brief for Petitioners, Cyan, Inc., et al. at 2. The Securities Act allows securities acquirers to sue securities...

Omnicare, Inc. v. Laborers District Council Construction Industry Pension Fund

(LIIBULLETIN preview)

Petitioner Omnicare is a large pharmaceutical care services provider operating in Canada and the United States. See Ind. State Dist. Council, et al. v. Omnicare, Inc., et al., 719 F.3d 498, 500 (6th Cir. 2013). Omnicare engaged in a public offering of...

Public Employees’ Retirement System of Mississippi v. IndyMac MBS, Inc., et al.

(LIIBULLETIN preview)

Respondent IndyMac MBS, Inc. (“IndyMac”) is an issuer of a type of security known as mortgage pass-through certificates. See In re IndyMac Mortgage-Backed Securities Litigation, 718 F. Supp. 2d 495, 498–99 (S.D.N.Y. 2010). The Securities Act of 1933 (“...