Recent Posts

$37 Million Settlement Reached In Tronox Investor Class Action Lawsuit
Posted on 8 Aug 2012 by Timothy Raub

NEW YORK - (Mealey's) Shareholders and defendants in a securities class action lawsuit against a chemical company, certain of its officers and directors and others have agreed to a $37 million settlement of all federal securities law claims, according... Read More

M&A-Related Lawsuit Filings Now Outnumber Federal Securities Class Action Filings
Posted on 10 Jan 2012 by Kevin M. LaCroix

In a prior post ( here ), I examined the mounting problems associated with the increasing levels of M&A-related litigation. A recent academic paper takes a closer look at these issues and concluded, among other things, that M&A-related lawsuit... Read More

Advisen Releases Year End 2010 Corporate and Securities Litigation Study
Posted on 20 Jan 2011 by Kevin M. LaCroix

Though securities class action lawsuit filings were below historical averages, overall corporate and securities litigation reached "record" levels during 2010, according to a report from the insurance information firm, Advisen. The report, which... Read More

Cornerstone Releases 2010 Securities Litigation Study
Posted on 21 Jan 2011 by Kevin M. LaCroix

As a result of a spike in second half filings, the number of new securities class action lawsuits increased slightly in 2010 compared to the year before, although the 2010 filing levels remained below historical averages, according to the annual study... Read More

High Court Hears Oral Argument In Securities Fraud Class Action
Posted on 6 Mar 2014 by LexisNexis Legal Newsroom Staff

WASHINGTON, D.C. — (Mealey’s) The U.S. Supreme Court on March 5 heard oral arguments in a securities class action lawsuit seeking a determination as to whether the Supreme Court should overturn or limit its holding in Basic Inc. v. Levinson... Read More

Securities Class Action Litigation Follows LIBOR Scandal
Posted on 23 Jul 2012 by Kevin M. LaCroix

At the PLUS D&O Symposium in New York this past March, I participated on a panel entitled, "Financial Institutions Underwriting: Is it Safe to Come Out Yet?" The implication of the panel topic was that perhaps with the passage of the credit... Read More

Securities Class Action Opt-Out Claims: A Growing Problem
Posted on 22 Jul 2010 by Dan Bailey

Excerpt: The exposure to Insureds and their D&O insurers from securities class action lawsuits has escalated greatly over the last ten years. Much has been written about the explosion in the magnitude of settlements in those lawsuits. Unfortunately... Read More

Parties In Tronox Securities Litigation Agree To Settle For $37 Million
Posted on 13 Aug 2012 by Kevin M. LaCroix

According to papers filed in the Southern District of New York on August 3, 2012, the parties to the Tronox securities litigation have agreed to settle the case for a total of $37 million. As I noted at the time that this suit was first filed back in... Read More

Basic, Dura And The Halliburton Decision On Class Certification In Securities Class Actions
Posted on 9 Jun 2011 by Thomas O. Gorman

Plaintiffs in a securities class action are not required to prove loss causation as part of the class certification process, the Supreme Court held in a unanimous decision handed down on Monday. Erica P. Hon Fund, Inc. v. Halliburton Co., No. 09-1403... Read More

Judge Preliminarily OKs $590 Million Citigroup Securities Class Action Settlement
Posted on 30 Aug 2012 by Timothy Raub

NEW YORK - (Mealey's) A federal judge in New York on Aug. 29 granted preliminary approval of a $590 million settlement between shareholders, Citigroup Inc. and certain of its current and former executive officers and directors on claims that the defendants... Read More

Phenomenon Of Securities Class Action Opt-Out Cases May Be Back
Posted on 5 Aug 2011 by Kevin M. LaCroix

Settlement opt-outs have been always been a feature of securities class action litigation. However, as part of the settlements of the huge cases filed during the era of corporate scandals at the beginning of the last decade, opt outs became more prevalent... Read More