Virginia Milstead

Featured in: Favicon

reuters.com Favicon

law360.com Favicon

jdsupra.com Favicon

lexology.com Favicon

westlaw.com Favicon

lexblog.com Favicon

dailyjournal.com Favicon

today.westlaw.com

Articles

The Supreme Court DIGs securities cases, leaving important questions unanswered

Jan 6, 2025 | reuters.com | Virginia Milstead |Mark Foster

A smartphone with a displayed Nvidia logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/File Photo January 06, 2025 - This term, the Supreme Court was poised to decide a securities case involving Facebook and another involving NVIDIA. Both cases raised recurring and important issues that arise in securities class action litigation.
A recurring trend: securities fraud complaints targeting key metrics

Aug 2, 2024 | reuters.com | Virginia Milstead |Mark Foster

The seal of the U.S. Securities and Exchange Commission is seen at its headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo August 02, 2024 - In securities litigation, plaintiffs focus on certain types of disclosures on a routine basis. One frequent target area focuses on key performance indicators (KPIs). These key metrics provide meaningful insight into public companies' financial and operating performance.
A recurring trend: securities fraud complaints targeting key metrics

Aug 2, 2024 | today.westlaw.com | Virginia Milstead |Mark Foster

(August 02, 2024) - Virginia Milstead and Mark Foster of Skadden, Arps, Slate, Meagher & Flom LLP discuss securities litigation around key performance indicators, which provide insight into public companies' performance but do not have uniform definitions or methodologies for calculation subject to industry standards. In securities litigation, plaintiffs focus on certain types of disclosures on a routine basis. One frequent target area focuses on key performance indicators (KPIs).
Inside the Courts - An Update From Our Securities Litigators

May 22, 2024 | lexology.com | Anita Bandy |Arthur Bookout |James Carroll |Christopher Clark |Eben P. Colby |Abigail Davis | +27 more

Key PointsOn April 12, 2024, the U.S. Supreme Court unanimously reversed and vacated the Second Circuit’s decision in Macquarie Infrastructure Corp. v. Moab Partners LP.
Securities lawsuits premised on short-seller reports come up short

May 7, 2024 | reuters.com | Virginia Milstead |Mark Foster

The James R. Browning U.S. Court of Appeals Building, home of the 9th U.S. Circuit Court of Appeals, is pictured in San Francisco, California February 7, 2017. REUTERS/Noah Berger May 07, 2024 - Short-seller reports frequently lead to stock price drops that give rise to securities class action lawsuits. Plaintiffs who rely on short-seller reports to allege securities fraud are facing a skeptical reception by the 9th U.S. Circuit Court of Appeals.
Beware of potential securities litigation over risk-factor disclosures

Jan 24, 2024 | reuters.com | Virginia Milstead |Mark Foster

January 24, 2024 - Plaintiffs are increasingly focusing their securities litigation claims on risk-factor disclosures in Securities and Exchange Commission filings.
Expert Allegations Could Become More Frequent in Securities Fraud Complaints and Possibly Erode Pleading Standards | JD Supra

Dec 13, 2023 | jdsupra.com | Virginia Milstead

Key Points A divided Ninth Circuit panel held that a shareholder plaintiff could rely on an expert’s after-the-fact analysis of public information to allege that a company’s public statements were false or misleading and thereby state a claim for securities fraud.
Expert allegations could become more frequent in securities fraud complaints and possibly erode pleading standards

Dec 13, 2023 | today.westlaw.com | Virginia Milstead

(January 11, 2024) - Skadden partner Virginia Milstead considers how plaintiffs may begin to use expert testimony to meet securities fraud pleading standards in light of the 9th Circuit's recent ruling in E. Ohman J:Or Fonder AB v. NVIDIA Corp. •A divided Ninth Circuit panel held that a shareholder plaintiff could rely on an expert's after-the-fact analysis of public information to allege that a company's public statements were false or misleading and thereby state a claim for securities fraud.
Will "expert" allegations become the next big thing in securities litigation?

Nov 2, 2023 | reuters.com | Virginia Milstead |Mark Foster

The James R. Browning U.S. Court of Appeals Building, home of the 9th U.S. Circuit Court of Appeals, is pictured in San Francisco, California. REUTERS/Noah Berger Acquire Licensing RightsCompaniesLaw FirmsNVIDIA Corp. November 2, 2023 - Over 25 years ago, Congress enacted heightened pleading standards for securities fraud claims to deter strike suits.
When saying litigation is 'without merit' risks follow-on securities litigation

Aug 21, 2023 | reuters.com | Virginia Milstead |Mark Foster

A man talks on the phone under a Pega logo at the Pegasystems booth at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017.