The shareholders, the Judge Richard Sullivan wrote, "failed to plead a strong inference of scienter by showing that the UBS Defendants had motive and opportunity to commit either the mortgage-related securities or [auction rate securities] frauds."
Brendan Pierson is a Health Law Reporter at various esteemed publications. He focuses on themes such as law and legal affairs, litigation, and health and wellness, with particular attention to topics like federal legislation, consumer health, and environmental issues. Brendan's work has been featured in prominent outlets including USA TODAY, The Globe and Mail, and Reuters.