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Loss Causation and Class Certification

The Supreme Court granted certiorari in a significant securities case on Friday. Erica P. John Fund, Inc. v. Halliburton Co , No. 09-1403. The question the Court agreed to consider focuses on whether plaintiffs in a securities fraud class action must prove loss causation at the class certification...

Will Wal-Mart Stores v. Dukes Affect Securities Cases?

In the wake of the U.S. Supreme Court's landmark June 20, 2011 decision in Wal-Mart Stores v. Dukes , numerous commentators have asserted that the case could have a significant impact on future class actions. For example, one law firm's memo about the case stated that the decision "should...

Will the U.S. Supreme Court Address the Class Action Fraud-on-the Market Presumption?

by Jill S. Abrams In December , we addressed the Ninth Circuit's recent decision in Connecticut Retirment Plans and Trust Funds v. Amgen, Inc., No. 0956965, 2011 U.S. App. LEXIS 22540 (9th Cir. Nov. 8, 2011) [ an enhanced version of this opinion is available to lexis.com subscribers / unenhanced...

Court Selects Lead Plaintiff, Lead and Liaison Counsel in Class Action Suit

In Haverhill Retirement System v. Catalyst Health Solutions, Inc. , C.A. No. 7506-VCN, (May 25, 2012) (and related actions), the Court addressed the issue of who should be designated as lead plaintiff, lead counsel, and liaison counsel in a class action contesting the acquisition of Catalyst Health Solutions...

Class Actions Around the World

Although the class action lawsuit is most often associated with the litigious legal culture in the United States, the fact is that in recent years class action and other group litigation procedures have been expanding around the world. Forces of globalization and the rise of organized groups of aggrieved...

Fulbright's 9th Annual Litigation Trends Survey: Litigation Bounces Back; Regulation Hits High

Companies in the United States and United Kingdom dealt with more litigation while regulatory investigations reached a five-year high, according to Fulbright's 9 th Annual Litigation Trends Survey . After a one-year decline, litigation rose to 2010 levels as businesses on both sides of the...