Home

Stephen M. Sinaiko

Firm(s): 
Kramer Levin Naftalis & Frankel LLP
Email: 

ssinaiko@kramerlevin.com

Articles:

  • Supreme Court Adopts Bright-Line Rule For Primary Liability Under Rule 10b-5
    Monday, August 1, 2011
    Over 15 years ago, in Central Bank of Denver, N.A. v. First Interstate Bank of Denver, N.A. , 511 U.S. 164 (1994), the Supreme Court held that Section 10(b) of the Securities Exchange Act and SEC Rule 10b-5 do not permit private civil plaintiffs to recover on an aiding and abetting theory. Since then, the lower federal courts have struggled to discern...
  • The Impact Of Dura Pharmaceuticals On Private Securities Fraud Actions
    Wednesday, June 1, 2005
    The Supreme Court recently announced its much-anticipated decision in Dura Pharmaceuticals, Inc. v. Broudo, 125 S. Ct. 1627 (2005), addressing the pleading and proof burdens that private plaintiffs must carry on the issue of loss causation in actions under section 10(b) of the Securities Exchange Act of 1934 and S.E.C. Rule 10b-5. The narrow holding in Dura...