‘Tellabs’ and SDNY: Plaintiff’s Perspective
March 25, 2008
Samuel H. Rudman
New York Law Journal
On June 21, 2007, the U.S. Supreme Court issued an opinion in Tellabs Inc. v. Makor Issues & Rights, Ltd., [FN2] that resolved the split among the circuit courts about what constituted a ‘strong’ inference of scienter. Tellabs has been heralded by some as a tightening of the pleading standards that a plaintiff must comply with in order to survive a motion to dismiss. [FN3]