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Tellabs, Inc. v. Makor Issues & Rights, Ltd., 06--484

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In the context of private securities fraud actions and the pleading requirements of the Private Securities Litigation Reform Act (PSLRA) intended to check abusive litigation, to qualify as "strong" within the intendment of section 21D(b)(2), an inference of scienter must be more than merely plausible or reasonable -- it must be cogent and at least as compelling as any opposing inference of nonfraudulent intent.

Appellate Information

  • Decided 06/21/2007
  • Published 06/21/2007

Court

  • United States Supreme Court

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