Kudos to Wilson Sonsini's Lyle Roberts, who also publishes the excellent The 10b-5 Daily blog, for blogging today's Supreme Court argument in the important Dura Pharmaceuticals v. Broudo case concerning loss causation.  He states: "Predicting how the Supreme Court will rule based on oral argument is a tricky business. That said, the Court appeared likely to reject the 9th Circuit's price inflation theory of loss causation."  All of Mr. Roberts' thoughts and insights are available here.