Law Practice
Aug. 11, 2005
In Search of Pleading Standard
By Jeff Westerman, Ann Lipton and Kristen McCulloch - As Chief Judge William Young of the District of Massachusetts recently noted, "under the Byzantine pleading code established in recent years by Congress and the courts for securities actions ... the gamesmanship required to plead a successful securities claim has taken on a dimension reminiscent of pre-Federal Rules pleading." In re Allaire Corp. Securities Litigation, 224 F. Supp. 2d 319 (2002).
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