The Securities Litigation Committee, whose diverse membership includes attorneys from both the plaintiff and defense perspective, corporate counsel, and academicians, strives to be an invaluable resource to those practicing or interested in securities litigation, arbitration or regulatory enforcement matters.

Our website provides information on a variety of securities-related topics, including practical tools and discussion of the latest issues in the securities field. The Committee's quarterly publication, the Securities Litigation Journal, which includes articles on matters of new or continuing interest in the securities area authored by notable practitioners and academics, is distributed to the Committee's membership.

The Committee also publishes an annual survey of Broker Dealer Litigation which is made available to Committee members and at the annual Securities Industry Association Compliance and Legal Conference.

Our members can also benefit from educational programs sponsored by the Committee and presented through the ABA by live audio teleconference, regional CLE meetings across the country, and panel discussions at ABA conferences.

On June 26, 2008, the Second Circuit Court of Appeals issued an eagerly anticipated opinion addressing the use of the doctrine of "collective scienter" in securities fraud cases. In Teamsters Local 445 Freight Division v. Dynex Capital, Inc., No. 06-2902-cv, 2008 WL 2521676 (2d Cir. June 26, 2008), the Second Circuit reversed the district court and held that the plaintiffs failed adequately to allege scienter against corporate defendants Dynex Capital and Merit Securities.