SIFMA - Securities Industry and Financial Markets Association Inc.
10/24/2025 | Press release | Archived content
Shanda Games Limited v. Monk
Court:
U.S. Supreme Court
(pet. for writ of cert.)
Amicus Issue:
Whether the rebuttable fraud-on-the-market presumption for establishing reliance in a securities action, established by the Supreme Court in Basic Inc. v. Levinson, 485 U.S. 224 (1988), is available to all plaintiffs who purchase or sell securities or is limited to only those who do so in an efficient market at the market price.
Counsel of Record:
Sidley Austin LLP
Kwaku A. Akowuah
Madeleine Joseph
Other Amici:
None.
SIFMA - Securities Industry and Financial Markets Association Inc. published this content on October 24, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 27, 2025 at 15:59 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]