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UNITED STATES — On October 2, 2014, the Fifth Circuit published its opinion in Public Employees’ Retirement System of Mississippi, Puerto Rico Teachers’ Retirement System v. Amedisys, Inc., et al., No. 13-30580 (5th Cir. 2014), holding that multiple partial corrective disclosures “collectively constitute and culminate in a corrective disclosure that adequately pleads loss causation for purposes of a Rule 12(b)(6) analysis.” The three-judge panel, composed of Chief Judge Stewart, Circuit Judge Dennis, and District Judge…

In October 2011, the Ontario Securities Commission (“OSC“) raised the concept of offering no-contest settlements of the sort commonly employed by the US Securities and Exchange Commission (“SEC“). On March 11th of this year, after receiving some sharply divided feedback in months of public hearings, the OSC announced that it was moving forward with the introduction of a policy that would permit settlement of enforcement proceedings without requiring an admission by the respondent of misconduct…