 Tellabs, Inc. v. Makor Issues & Rights, Ltd.

Tellabs Inc. v. Makor Issues & Rights, 551 U.S. 308 (2007), was a United States Supreme Court case in which the Court ruled on the interpretation of the Private Securities Litigation Reform Act of 1995's requirement of scienter in a civil action in apply to Tellabs and Makor Issues & Rights.The various federal circuits have taken different approaches to defining what it means, under the PSLRA, for a plaintiff to sufficiently plead a "strong inference" of scienter (a mental state embracing intent to deceive, manipulate, or defraud).