The subprime and credit
crisis-related litigation wave may now be in its fourth year, but
lawsuits continue to come in. The latest of these suits - a securities
class action lawsuit involving Las Vegas Sands
- has a number of interesting features, and
it also raises the question whether we may...
In Erica P. John Fund, Inc. v. Halliburton Co. , 1
the U.S. Supreme Court reversed a Fifth Circuit decision that required a
putative class of investors to prove loss causation in order to attain class
certification. The Court rejected defendant Halliburton's argument that the
The U.S. Supreme Court's June 2010 decision in Morrison v. National Australia Bank looked like the end
of securities claims in U.S. courts on behalf so-called "f-cubed" claimants -
that is, foreign shareholders of foreign-domiciled companies who bought their
shares on foreign exchanges...
Erica P. John Fund, Inc. v.
Halliburton Co, No. 09-1403 has the potential to rewrite the standards for
certifying a class in securities fraud actions. The High Court heard argument
on April 25, 2011 and should hand down its decision prior to the end of the
term in June.
The issue the Court...
Wait ... this is unusual. According to a piece by Tom Hals of Reuters , the lead plaintiff - not his
lawyer, but the lead plaintiff himself - is opposing settlement of the
shareholder litigation in the J Crew transaction. The J Crew MBO was on the
receiving end of a shareholder lawsuit and for good...
The changing mix of corporate and securities litigation
is a recent phenomenon on which I have frequently
commented on this blog . While identifying the fact of the change is
relatively straightforward, explaining it is more challenging. According to a
January 11, 2012 article in The Review of Securities...
WASHINGTON, D.C. - (Mealey's) The U.S. Supreme Court on
June 24 agreed to hear an appeal of a First Circuit U.S. Court of Appeals
ruling in a shareholder derivative lawsuit and determine whether the Circuit
Court abused its discretion in determining that shareholders had properly shown
The news that Volkswagen employed sophisticated software-based “defeat devices” in order to permit a number of its diesel-engine models to appear to meet U.S. emissions standards has dominated the headlines in the business pages over the last few days. The news has already led to the resignation...