Chain of Causation

If I wasn’t busy enough, this morning brought a decision from the Supreme Court in a major private securities litigation case, the first significant such decision from the Court since 1995, requiring pleading and proof that a stock declined in value as a result of alleged misrepresentations before suit can be filed. I’d been closely watching the Court’s site waiting for this one to write it ip and circulate (see, the blogging skill set has its professional benefits). And now, another institution sends up closely watched signals . . .