On September 14, 2010, in another ruling that the U.S.
Supreme Court's decision in Morrison v. National Australia Bank ( read the opinion ) precludes claim by "f-squared"
claimants - that is, U.S. residents who purchased shares of a Non-U.S. company
on a foreign exchange - Southern District...
New securities class action lawsuit filings in the third
quarter of 2010 remained below longer term historical averages, although
consistent with filing levels in more recent quarters. There were 39 new
securities class action lawsuits filed in the third quarter, bringing the 2010
YTD total number...
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. National Australia Bank . A copy of Judge Holwell's...