Litigation

Recent Posts

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

Former Colonial Bank Executives Agree To Settle Class Action Lawsuit For $10.5 Million
Posted on 17 Aug 2011 by Kevin M. LaCroix

In a settlement that apparently will be funded entirely by D&O insurance, the plaintiffs and 23 former executives of the failed Colonial Bank of Montgomery, Alabama have agreed to settle the class action securities lawsuit that investors filed in... Read More

Securities Class Action Lawsuits Against Chinese Companies Evolving
Posted on 10 Jun 2011 by Kevin M. LaCroix

One of the most distinct securities litigation filing trends during the last twelve months has been the filing of securities class action lawsuits against U.S.-listed companies based or operating in China. With a phenomenon this well-established, it is... Read More

Securities Class Action Filings For First Quarter Ran Above Historical Averages
Posted on 6 Apr 2012 by Kevin M. LaCroix

On an annualized basis, the pace of securities class action lawsuit filings for the first quarter of 2012 ran above historical averages, although the pace of filings declined compared to the prior month in the quarter's second and third months. Merger... 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

Study: 2010 Median Settlement Amount Of Securities Class Actions Hit Record
Posted on 11 Mar 2011 by Kevin M. LaCroix

Though the average dollar value of securities class action settlements approved in 2010 declined slightly compared to 2009, the median settlement amount reached record levels, according to Cornerstone Research's annual 2010 Securities Class Action... Read More

Ontario Court Certifies Another Plaintiff Class In A Secondary Market Misrepresentation Claim
Posted on 9 Mar 2011 by Kevin M. LaCroix

For the second time, a court has given investors leave to proceed and also certified a plaintiff class in a secondary market misrepresentations claim under the revised Ontario Securities Act. In an order dated March 1, 2011, Ontario Superior Court Justice... 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

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