Among 2010 securities class action lawsuit filing trends
are two phenomena that emerged in the second-half of the year - the flurry of
lawsuits filed against
for-profit education companies and the proliferation of suits
involving companies domiciled in China . These two filing trends converged
In a February 14, 2011 order ( here ),
an Ontario Superior Court Justice has denied the motion of the defendants in
the IMAX securities lawsuit pending in Ontario for leave to appeal the December
2009 rulings of Ontario Superior Court Justice Katherine
van Rensberg granting the plaintiffs leave to...
In resolution of a securities case that at one time had
actually been dismissed and that even after being revived was substantially
narrowed based on the U.S. Supreme Court's Morrison decision, the
parties to the Credit Suisse subprime-related securities class action lawsuit
have reached a settlement...
Over the last few days, there have been a series of
rulings in high-profile lawsuits arising out of the subprime meltdown and
credit crisis. As discussed below, just in the past week there
were dismissal motion rulings in cases involving Freddie Mac,
Wachovia/Wells Fargo, and AIG. Though some or...
Securities class action lawsuit filings continued to
accumulate during the third quarter of 2011, and the filing levels remain on
pace for an above average year of securities class action litigation. As was
the case in earlier quarters this year, the third quarter filing level was
WASHINGTON, D.C. - (Mealey's) A shareholder plaintiff and
a pharmaceutical company debated in front of the U.S. Supreme Court on Nov. 5 whether
a securities lawsuit may proceed as a class action even if the plaintiff is
unable to plead materiality ( Amgen Inc., Kevin W. Sharer, Richard D. Nanula...
In a much anticipated ruling in the Amgen securities
class action litigation, the U.S. Supreme Court, in a 6-3 majority opinion
written by Justice Ginsburg, held that a securities plaintiff is not required
to prove that the allegedly misleading statements are material as a
prerequisite to class certification...
In two decisions last week - one in the Sixth Circuit and
one in the First Circuit - federal appellate courts set aside lower court
dismissals of securities class action lawsuits. Although the two cases are
different and the two appellate opinions address different legal issues, the