Securities Litigation Insights is a quarterly report concerning recent developments, issues, and matters of interest in securities litigation and regulation. To access your copy of the most current issue, follow this link.

Articles in this issue:

• Review of Significant Decisions from the U.S. Supreme Court's Last Term
  Review of four important securities law decisions from the United States Supreme Court's last term.
  
  
• Recent Developments Concerning the PSLRA’s Safe Harbor Provision
  A “safe harbor” provision was included in the Private Securities Litigation Reform Act to encourage companies to give future-looking guidance without fear of liability if that guidance turned out to be incorrect. Learn more about recent key decisions related to this important protection both for investors and companies.
  
  
• The SEC Adopts New Rule to Curtail “Pay-to-Play”
  On the heels of well-publicized investigations into pay-to-play practices involving public pension funds and placement agents retained by private equity firms and hedge funds, the SEC has adopted a new rule designed to prevent future abuses. This article analyzes the key provisions of the new rule, reviews important developments in pay-to-play investigations around the country, and recommends practical steps investment advisers can take to ensure compliance and avoid even the appearance of impropriety.

For more information, please contact Vinson & Elkins lawyers Ari Berman, John Elwood, Michael Holmes, Hilary Preston, or Nikolay Vydashenko. Visit our website to learn more about V&E's Securities Litigation practice or e-mail one of the practice contacts.