Recent Posts

Surge Of Securities Litigation Against U.S.-Listed Chinese Companies One Of The Most Distinctive U.S. Litigation Trends
Posted on 2 Aug 2011 by Kevin LaCroix and Peter Gillon

By Kevin M. LaCroix, Esq., Executive Vice President, OakBridge Insurance Services and Peter M. Gillon, Partner, Pillsbury Winthrop Shaw Pittman LLP One of the most distinctive U.S. litigation trends over the last twelve months has been the surge of... Read More

NERA Consulting Report Says Canadian Securities Class Action Filings Hit Record Levels Last Year
Posted on 3 Feb 2012 by Kevin M. LaCroix

Securities class action lawsuit filings in Canada hit record levels in 2011 according to a new report from NERA Economic Consulting. The January 31, 2012 report, entitled "Trends in Canadian Securities Class Actions: 2011 Update" ( here ) concludes... Read More

Settlements Of Class Action Securities Lawsuits Involving U.S.-Listed Chinese Companies Are Relatively Modest
Posted on 9 Jul 2012 by Kevin M. LaCroix

Beginning in 2010 and accelerating in 2011, plaintiffs' lawyers filed a wave of securities class action lawsuits against U.S.-listed Chinese companies, many of which obtained their U.S. listings via reverse merger. These cases have been making their... Read More

Tone Used In Disclosure Statements Can Affect Susceptibility To Securities Class Actions
Posted on 19 Jan 2012 by Kevin M. LaCroix

The tone public companies use in their disclosure statements can affect the companies' susceptibility to securities class action litigation, according to a recent academic study. The authors found that firms hit with securities litigation generally... Read More

Plaintiffs' Lawyers Pursue Non-U.S. Securities Litigation Alternatives After Morrison
Posted on 20 Jan 2011 by Kevin M. LaCroix

One of the questions posed in the wake of the U.S. Supreme Court's landmark decision in Morrison v. National Australia Bank is whether the Court's holding might encourage securities claimants foreclosed by Morrison from U.S. court to attempt to... Read More

New Trends In Securities Litigation Emerged In 2010, According To PwC Study
Posted on 15 Apr 2011 by Kevin M. LaCroix

A number of trends that had predominated in recent years diminished during 2010 while new trends emerged, according to PwC's 2010 Securities Litigation Study, which can be found here . 2010 may also mark "the start of a new era" as a consequences... Read More

Will Supreme Court's Wal-Mart Ruling Affect Securities Class Action?
Posted on 28 Jun 2011 by Kevin M. LaCroix

In the wake of the U.S. Supreme Court's landmark June 20, 2011 decision in Wal-Mart Stores v. Dukes , numerous commentators have asserted that the case could have a significant impact on future class actions. For example, one law firm's memo about... Read More

Academics Identify Factors That Affect Outcomes Of Securities Class Action Lawsuits
Posted on 10 May 2012 by Kevin M. LaCroix

A great deal of the analysis of securities class action lawsuit settlements revolves around measures of aggregate, average and median settlement amounts. These data, while useful, are relatively unhelpful in trying to anticipate the outcome of any particular... Read More

Securities Class Action Lawsuit Filed By H-P Shareholders Over Autonomy Revelations
Posted on 30 Nov 2012 by Kevin M. LaCroix

When H-P announced on November 20, 2012 that it was taking an $8.8 billion charge after it discovered "accounting improprieties, misrepresentations and disclosure failures" at its Autonomy unit (which H-P acquired in October 2011 for $11.1 billion... Read More

2 New Credit Crisis-Related Securities Lawsuits Raise Interesting Issues
Posted on 24 Jun 2011 by Kevin M. LaCroix

As the worst days of the financial crisis (if not their ill effects) receded into the past, the accompanying credit crisis-related litigation wave appeared to lose its momentum. By late 2010, new credit crisis-related lawsuit filings seemingly had dwindled... Read More

Securities Class Action Lawsuits Against Life Sciences Companies Rose In 2012
Posted on 22 Mar 2013 by Kevin M. LaCroix

The number of securities class action lawsuits filed against life sciences companies rose in both absolute and relative terms in 2012, according to a March 20, 2013 memorandum by David Kotler of the Dechert law form entitled "Survey of Securities... Read More