Supreme Court Issues Favorable Decision for Firm’s Client in Securities Case

On March 24, 2015, the Supreme Court issued a favorable decision for the firm’s clients in Omnicare, Inc. v. Laborers District Council Construction Industry Pension Fund. Tom Goldstein argued for the respondent. In an opinion written by Justice Kagan, the Court rejected the petitioner’s claim that statements of opinion cannot be actionably false or misleading under federal securities law if the defendant actually holds the opinion.  Instead, the Court held, a statement of opinion is actionable  if it implies that the speaker had a reasonable factual basis for the opinion when the speaker had no such grounds. The opinion can be found here.

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Goldstein & Russell, P.C. specializes in representing clients at all stages before the U.S. Supreme Court.  Collectively, the firm’s lawyers have argued more than 70 cases on the merits and hav… Read More
While focused on representing clients in the Supreme Court, the firm also serves as counsel to clients in the federal courts of appeals.  Like its Supreme Court practice, the firm’s experience in t… Read More