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New caselaw - IPOs, First Amendment

[JURIST] New and interesting Opinions issued Wednesday included In re: Initial Public Offering Securities Litigation [PDF text], a decision by Judge Shira Scheidlin of US District Court for the Southern District of New York [official website] refusing to throw out an investor lawsuit accusing Citigroup's Salomon Smith Barney, Goldman Sachs Group and 53 other investment banks of rigging hundreds of IPOs; and Lassonde v. Pleasanton Unified School District [PDF text], a Ninth Circuit US Court of Appeals [official website] panel holding that the action of school officials censoring sectarian, proselytizing portions of a speech that Plaintiff gave at his high school graduation ceremony did not violate his First Amendment rights and were in fact necessary to avoid violation of the Establishment Clause.

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