Publications May 03, 2021 Supreme Court: Hears Oral Argument on Whether the Basic Presumption Can Be Rebutted by Showing There Was No Price Impact Even Though That Evidence Is Also Relevant to Materiality May 03, 2021 Ninth Circuit: Strong Inference of Scienter Not Supported Where Plaintiff Failed to Plead a Plausible Motive May 03, 2021 Northern District of California: Materially False Statements Were Not Plausibly Pled Because the Aspirational Assertions Concerning Corporate Diversity Were Non-Actionable May 03, 2021 Northern District of California: Omission-Based Theory of Fraud Adequately Pled Where Defendants Attributed Revenue Growth to Product Quality and Failed to Disclose Allegedly Coercive Sales Practices May 03, 2021 Southern District of New York: Item 303 Does Not Require Real-Time Disclosures of Trading Volume and Commission Revenue Fluctuations May 03, 2021 Peter Gilman, Jennifer Levitt and Michael Wolitzer Author AIC Article on Evolving Liquidity Alternatives for Private Funds