Recent Posts

Judge Approves $730 Million Securities Settlement With Citigroup, Shareholders
Posted on 21 Aug 2013 by Timothy Raub

NEW YORK — (Mealey’s) A federal judge in New York on August 20 granted final approval of a securities class action settlement between investors and Citigroup Inc. and others, ruling that the terms of the settlement meet the statutory guidelines... Read More

Cornerstone Research Report: Securities Suits ‘Depressed’ In Year's First Half
Posted on 26 Jul 2013 by Kevin M. LaCroix

Securities class action lawsuit filings “remained at depressed levels” during the first half of 2013 according to the latest report from Cornerstone Research and the Stanford Law School Securities Class Action Clearinghouse. The report, entitled... Read More

Merck Settle Securities Lawsuits for $688 Million, Facebook IPO Derivative Suits Dismissed
Posted on 19 Feb 2013 by Kevin M. LaCroix

In what may be the largest settlement ever in securities class action litigation involving a pharmaceutical company, Merck has agreed to a combined settlement of $688 million to settle two related securities class action cases. The company's February... Read More

Interview With Stanford Law Professor Joseph Grundfest About The State Of Securities Class Action Litigation
Posted on 26 Jan 2011 by Kevin M. LaCroix

Every year, the Stanford Law School Securities Class Action Clearinghouse , in conjunction with Cornerstone Research , releases its annual overview of securities class action lawsuit flings. As I noted in a post last week, this year's version introduced... Read More

IMAX Defendants Denied Leave To Appeal Rulings, Allowing Ontario Securities Case To Proceed As Global Class Action
Posted on 17 Feb 2011 by Kevin M. LaCroix

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... Read More