When the U.S. Supreme Court issued its landmark Tellabs v. Makor decision in 2007, setting a high standard for what plaintiffs must prove in a class-action securities lawsuit, Corporate America celebrated. Three more recent court rulings have proven that the Tellabs standard is here to stay.

Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...