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31 Sec. Litig. 1 (2021)

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TABLE OF CONTENTS
Articles a
Securities Enforcement Activity in the COVID Era: A Backstop to Private Securities Liti ation
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Recent COVID-related securities litigation and enforcement trends, issues of proof, and best practices to
avoid the expected onslaught of enforcement activity and investigations.
FINRA Dispute Resolution Update
By *JshuV$ S. Jones ndCl~y Ws
Developments relating to COVID-19, unpaid awards, expungement, vulnerable investors, and third-party
discovery.
Halliburton II in Action: The impact of Price impact on Class Certifications
By L~u~erece A. S>Zhosn and K3itvy A Crsow
How, specifically, have defendants been able to use a price impact rebuttal to defeat class certification?
Two Circuits Hold Statute of imitations Does Not Appy to SEC Employment, Officer, and Director
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While the guidance from Saad and Gentile is useful as far as it goes, it does not definitively resolve the
question of whether section 2462 applies to SEC requests for injunctions.
Practice Points n
Ninth Circuit Confirms Roe of Efficient-Market Theory in Loss Causation
By      . Gdersieve and  r    n
By confirming this principle, even in the course of reversing dismissals, the Ninth Circuit has joined other
circuits and brought more clarity to what pleading loss causation requires.
Ninth Circuit Joins Sixth Circuit in Rejecting Categorical Rule that Allegations in a Lawsuit,
Standing Alone, Can Never Qualify as a Corrective Disclosure
Panel overrules district court decision holding that an independent source needed to confirm the truth of
allegations in a whistleblower lawsuit to qualify as a corrective disclosure for loss causation purposes.

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