Although the world of electoral politics may seem distant
from the directors' and officers' liability arena, there was one development in
Tuesday's elections that potentially could affect the D&O claims
environment, and it happened...
CHICAGO — (Mealey’s) A federal judge in Illinois on Oct. 17 entered a $2.46 billion judgment — the largest judgment following a securities class action trial, according to the lead plaintiff’s counsel — against Household...
The Ninth Circuit joined the Third and the Seventh in
concluding that at the class certification stage plaintiffs in a securities
fraud damage action need not prove materiality to utilize the fraud-on-the
market. Three other circuits take a contrary...
In its recently released annual analysis of securities class action litigation, PricewaterhouseCoopers observes that while 2013 may not have been a particularly noteworthy year in the securities class action litigation arena, “significant events...
NEW YORK - (Mealey's) Lead plaintiffs in a securities
class action lawsuit against Goldman Sachs & Co. Inc., certain of its
subsidiaries and officers and directors and three ratings agencies have agreed
to settle their claims against the defendants...
WASHINGTON, D.C. — (Mealey’s) The U.S. Supreme Court today granted a petition for writ of certiorari in a securities class action lawsuit seeking determination of whether, pursuant to Section 11 of the Securities Act of 1933, a plaintiff must...
On April 10, 2015, PwC released the latest in what is now a series of annual securities class action litigation reports. PwC’s report is generally consistent with the reports previously published by Cornerstone Research and NERA. What makes the...
In a recent post , I discussed several recent decisions in which
securities cases involving failed or troubled banking institutions survived
dismissal motions. By contrast, however, in an August 16, 2010 ruling ( here ),
Southern District of New York...
The future of securities class actions may hinge on the decision of the Supreme Court in Halliburton Co. V. Erica P. John Fund, Inc., No. 13-317 which is expected to be handed down by the end of the current term on June 30, 2014 ( here ) [ lexis.com subscribers...
Filings for new Canadian securities class actions have been essentially flat over the last three years, according to a recent report by NERA Economic consulting ( here ). That trend is consistent with the one for the filing of U.S. class actions ( here...
In yet another U.S. securities class action lawsuit involving a non-U.S. company and a corruption investigation in the company’s home country, on March 19, 2015 a shareholder of Chemical & Mining Company of Chile, Inc. ( Sociedad Quimica y Minera...
Overall levels of corporate and securities litigation
remained at elevated levels in the most recent quarter even as securities class
action filing levels remained flat, according to the third quarter 2010 report
of the insurance information firm,...
The Securities Litigation Uniform Standards Act of 1998
or SLUSA was passed to prevent a class action plaintiff from circumventing the
stringent pleading requirements of the Private Securities Litigation Reform Act
by filing in state court. The Third...
In the long-awaited rulings on the post-trial motions in
the Vivendi securities
case , Judge Richard
Holwell has entered a February 22, 2011 order materially narrowing the
plaintiff class based on the U.S. Supreme Court's holding in Morrison v...