LexisNexis® Legal Newsroom
Chancery Court: When Stockholder Of Delaware Corporation Files Suit As Lead Plaintiff, Plaintiff Assumes Role Of A Fiduciary For The Class

Steinhardt v. Howard-Anderson , C.A. No. 5878-VCL (Del. Ch. Jan. 6, 2012), read opinion here . Issue Addressed This opinion addressed the issue of whether representative plaintiffs in a putative class action should be in sanctioned for trading on the basis of confidential information obtained in...

Abbey Spanier LLP: Maryland Court Of Appeals Denies Attempt To Pick-Off Plaintiff In Class Action

By Orin Kurtz In Frazier v. Castle Ford, Ltd. , 2013 WL 265072 (January 24, 2013) [ enhanced version available to lexis.com subscribers ], the Maryland Court of Appeals put the brakes on a tactic that has gained favor among defendants in class actions-and that has caught the attention of the Supreme...