LexisNexis® Legal Newsroom
2nd Circuit Reinstates Blackstone Group IPO Securities Suit

In a February 10, 2010 opinion ( here ), the Second Circuit reversed the lower court's dismissal of the securities class action lawsuit relating to The Blackstone Group's June 2007 IPO. The decision, which represents a noteworthy victory for plaintiffs, contains an extensive analysis of "materiality"...

2nd Circuit: Failure to Disclose 'Known Uncertainties' States Securities Claim

In a May 25, 2012 decision in a long-running case that, among other things, could have important implications for the lawsuits recently filed against Facebook, the Second Circuit reversed the lower court's dismissal of the securities suit involving Ikanos Communications, holding that the plaintiff's...

Plaintiffs In Subprime Mortgage-Backed Securities Litigation Win Substantial Victory

Many of the toxic mortgage-backed securities that were a key part of the subprime mortgage meltdown were sold in multiple separate offerings based on the same shelf registration statement but separate prospectuses. Each separate offering included multiple securities at varying tranches of seniority and...