In the Spotlight: Brokers Take Note: Investors Need More Than Expectations to Sue A recent First Department decision reminds us that an investor's disappointment or high expectations do not state claims under New York law. Read more... Securities Litigation: A Reasonable "Strong Inference" of Fraud? For a second term in a row, the U.S. Supreme Court has taken the opportunity to further refine the scope of securities class action litigation. Read summary... Legal Watch Representative Charles B. Rangel (NY-15) recently introduced the Temporary Tax Relief Act of 2007 (HR 3996) as a temporary “patch” to extend personal credits and exemptions under the Alternative Minimum Tax (AMT) through 2007 to help middle class working families avoid getting hit with higher tax bills for 2007. Read more... O&B News O&B relies on "special employee" doctrine and receives summary judgment in construction action. Click here for case summary. O&B proudly announces that Matthew Kogan and Lauren Pape have become Counsel to the firm. Environmental+Connection The U.S. Food and Drug Administration (FDA) has announced it has cleared for marketing the first rapid blood test for the drug-resistant staph bacterium known as MRSA (methicillin-resistant Staphylococcus aureus), which can cause potentially deadly infections. Read more... Information contained in this publication should not be construed as legal advice or opinion, or as a substitute for the advice of counsel. The enclosed materials may have been abridged from other sources and are provided only for educational and informational purposes. www.OandB.com - 1010 Franklin Avenue, Garden City, NY 11530

	Date		Title
	Aug 7, 2007		O&B News - Summer 2007
	Jul 2, 2007		O&B News - Spring 2007