Securities Class Actions Show No Signs of Slowing in 2024 -
Key Points -
While the volume of securities class actions filings has remained consistently elevated over the past several years, the composition of the class...more
3/5/2024
/ Class Action ,
Corporate Governance ,
Digital Assets ,
Educational Institutions ,
Energy Sector ,
Entertainment Industry ,
Financial Services Industry ,
Healthcare ,
Life Sciences ,
Macquarie Infrastructure Corp v Moab Partners LP ,
Media ,
Publicly-Traded Companies ,
Retailers ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Litigation ,
Securities Regulation
“Greenwashing” refers to the practice of making false or misleading claims about the environmental benefits of a product in order to represent it as more environmentally friendly than it actually is. Given consumers’...more
Supreme Court Hears Argument on Traceability Requirement in Circuit-Split Slack v. Pirani -
Key Points -
- Before the end of June, the U.S. Supreme Court is expected to issue a decision in a high-profile securities case...more
6/1/2023
/ Acquisitions ,
Appeals ,
Biopharmaceutical ,
Class Action ,
Corporate Governance ,
Corporate Misconduct ,
Corporate Officers ,
Cryptocurrency ,
Dismissals ,
Healthcare ,
Initial Public Offering (IPO) ,
Insurance Claims ,
Life Sciences ,
Mergers ,
Misleading Statements ,
Non-Fungible Tokens (NFTs) ,
NYSE ,
Oral Argument ,
Pharmaceutical Industry ,
Popular ,
SCOTUS ,
Section 11 ,
Section 12 ,
Securities ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Litigation ,
Securities Violations ,
Slack Technologies Inc v Pirani ,
Special Purpose Acquisition Companies (SPACs) ,
Stock Exchange
Circuits Split Over Whether Targeting Is Necessary for Seller Liability -
Key Points -
- While courts have long held that solicitations must be tailored to a particular audience to precipitate statutory seller liability,...more
3/16/2023
/ Acquisitions ,
Bitcoin ,
Business Model ,
Cannabis Products ,
Class Action ,
Cryptocurrency ,
Cybersecurity ,
Department of Labor (DOL) ,
Disclosure ,
Dismissals ,
Entertainment Industry ,
Failure To Disclose ,
FinTech ,
Gambling ,
Healthcare ,
Investigations ,
Investors ,
Life Sciences ,
Media ,
Mergers ,
Online Platforms ,
Popular ,
Section 12 ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Litigation ,
Sellers ,
Social Media ,
Special Purpose Acquisition Companies (SPACs) ,
Telecommunications ,
Unregistered Securities ,
Whistleblower Protection Policies ,
Whistleblowers
In this month’s Privacy & Cybersecurity Update, we analyze recent fines against Meta and their impact on the future of behavioral advertising, the timeline for the California Privacy Rights Act’s regulations to become...more
2/1/2023
/ Advertising ,
California ,
California Privacy Rights Act (CPRA) ,
Class Action ,
Court of Justice of the European Union (CJEU) ,
Cybersecurity ,
Data Breach ,
FCC ,
Fines ,
Investigations ,
Metaverse ,
Popular ,
Privacy Laws ,
Proposed Amendments ,
Reporting Requirements ,
Settlement Agreements ,
State and Local Government ,
State Privacy Laws ,
UK
Cornerstone Research reports that during the first six months of 2022, plaintiffs filed 110 securities class actions, a pace that is generally in line — 2.8% higher — with what we saw in the second half of 2021. Looking...more
12/5/2022
/ Class Action ,
Coronavirus/COVID-19 ,
Corporate Counsel ,
Corporate Sales Transactions ,
Cybersecurity ,
Enforcement Actions ,
FinTech ,
Futures ,
Healthcare ,
Initial Public Offering (IPO) ,
Life Sciences ,
Popular ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Securities Litigation ,
Stock Options
Class Certification -
Central District of California Denies Class Certification in Securities Fraud Action Concerning Company’s Purchase of ADRs -
Stoyas v. Toshiba Corp., No. 2:15-cv-04194 (C.D. Cal. Jan. 7, 2022) -...more
3/2/2022
/ Class Action ,
Class Certification ,
Delaware General Corporation Law ,
Derivative Suit ,
Enforcement Actions ,
Forum Selection ,
Loss Causation ,
Pleading Standards ,
Scienter ,
Securities Exchange Act ,
Securities Fraud ,
Securities Litigation ,
Special Purpose Acquisition Companies (SPACs) ,
Standing
This quarter’s issue includes summaries and associated court opinions of selected cases principally decided between July and October 2020.
Class Certification
- Cryptocurrency – Definition of a Security
- Derivative...more
12/11/2020
/ Breach of Duty ,
Class Action ,
Class Certification ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Derivative Suit ,
EBITDA ,
Enforcement Actions ,
Excessive Fees ,
Fiduciary Duty ,
Insider Trading ,
Investment Company Act of 1940 ,
Loss Causation ,
Material Misrepresentation ,
Material Misstatements ,
Mergers ,
Pleading Standards ,
PSLRA ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Securities Litigation ,
Standing ,
Whistleblowers
In this month's edition, we examine the Swiss data protection authority's comments on the validity of its data-sharing framework with the U.S., as well as the European Data Protection Board's guidance on joint controllers and...more
10/10/2020
/ Biometric Information Privacy Act ,
Class Action ,
Constitutional Challenges ,
Cybersecurity ,
Data Collection ,
Data Protection ,
Data Protection Authority ,
European Data Protection Board (EDPB) ,
International Data Transfers ,
Joint Control ,
Metadata ,
National Security Agency (NSA) ,
New Guidance ,
Outer Space ,
Personally Identifiable Information ,
Popular ,
Presidential Memorandum ,
Privacy Laws ,
Social Media ,
Swiss Privacy Shield ,
Trump Administration
In this month's edition of our Privacy & Cybersecurity Update, we examine five amendments to the California Consumer Privacy Act, the EU Court of Justice's rulings on the "Right to Be Forgotten" and what qualifies as a joint...more
10/2/2019
/ Amended Rules ,
California Consumer Privacy Act (CCPA) ,
Class Action ,
Court of Justice of the European Union (CJEU) ,
Cybersecurity ,
Data Controller ,
Discovery Disputes ,
EU ,
Facial Recognition Technology ,
Marriott ,
Personal Data ,
Personally Identifiable Information ,
Phishing Scams ,
Popular ,
Privacy Laws ,
Right to Be Forgotten ,
UK ,
United States
This quarter’s issue includes summaries and associated court opinions of selected cases principally decided between May and August 2019....more
10/2/2019
/ Acquisitions ,
Appraisal Rights ,
Board of Directors ,
Books & Records ,
Breach of Duty ,
Class Action ,
Corwin Doctrine ,
DE Supreme Court ,
Deal Price ,
Disclosure Requirements ,
Enforcement Actions ,
Excessive Fees ,
Fair Value Standard ,
Fiduciary Duty ,
Forfeiture ,
Guilty Pleas ,
Insider Trading ,
Investment Adviser ,
Jury Verdicts ,
Market Manipulation ,
Materiality ,
Mergers ,
Misrepresentation ,
Motion for Summary Judgment ,
Motion to Dismiss ,
Offering Documents ,
Omissions ,
Pleading Standards ,
Popular ,
Scienter ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Fraud ,
Securities Litigation ,
Shareholder Litigation ,
SLUSA ,
Standing
In this month's edition of our Privacy & Cybersecurity Update, we examine new cybersecurity legislation in California and Massachusetts, the British government's updates to its cybersecurity laws in anticipation of Brexit and...more
4/2/2019
/ California Consumer Privacy Act (CCPA) ,
Class Action ,
Class Certification ,
Credit Reporting Agencies ,
Credit Reports ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Data Protection ,
Federal Trade Commission (FTC) ,
Gramm-Leach-Blilely Act ,
Popular ,
Privacy Laws ,
Public Comment ,
State Data Breach Notification Statutes ,
Thailand ,
UK ,
UK Brexit
This quarter’s issue includes summaries and associated court opinions of selected cases principally decided between December 2018 and February 2019....more
3/14/2019
/ Appeals ,
Article III ,
Class Action ,
Cryptocurrency ,
Fiduciary Duty ,
Investment Opportunities ,
Loss Causation ,
Mutual Funds ,
Nutraceutical Corp v Lambert ,
Omnicare v Laborers District Council ,
Pleading Standards ,
Ponzi Scheme ,
Popular ,
PSLRA ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Fraud ,
SLUSA ,
Standing
In this month's edition, we examine a judge's ruling allowing an investor suit against Equifax, the dismissal of a class action against the insurer CareFirst and President Donald Trump's launch of a federal artificial...more
3/4/2019
/ Artificial Intelligence ,
Class Action ,
Cybersecurity ,
Data Breach ,
Department of Financial Services ,
Dismissals ,
Equifax ,
Facebook ,
Federal Cartel Offices ,
Federal Data Privacy ,
GAO ,
Germany ,
Investors ,
NAIC ,
NYDFS ,
Popular ,
Privacy Laws ,
Proposed Legislation ,
Trump Administration ,
User-Generated Content
This quarter’s issue includes summaries and associated court opinions of selected cases principally decided between September 2018 and October 2018. ...more
12/7/2018
/ Acquisitions ,
Administrative Law Judge (ALJ) ,
Aiding and Abetting ,
Appointments Clause ,
Breach of Duty ,
Claim Preclusion ,
Class Action ,
Constitutional Challenges ,
Controlling Stockholders ,
Damages ,
Dismissals ,
Enforcement Actions ,
Extraterritoriality Rules ,
Fiduciary Duty ,
Financial Institutions ,
General Partnerships ,
Initial Coin Offering (ICOs) ,
Investment Funds ,
Jurisdiction ,
Lucia v SEC ,
Material Adverse Effects ,
Material Misrepresentation ,
Merger Agreements ,
Mergers ,
MFW ,
Misrepresentation ,
Pleading Standards ,
Popular ,
Proxy Solicitations ,
PSLRA ,
Rule 10(b) ,
Scienter ,
Section 11 ,
Securities ,
Securities Act ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Fraud ,
Securities Litigation ,
Shareholder Litigation ,
SLUSA ,
Squeeze-Out Mergers
This quarter’s issue includes summaries and associated court opinions of selected cases principally decided between February 2018 and May 2018.
...more
7/3/2018
/ China Agritech Inc v Resh ,
Chipotle Grill ,
Class Action ,
Class Certification ,
Class Members ,
Cyan Inc v Beaver Cty Emps Ret Fund ,
Derivative Suit ,
Deutsche Bank ,
Equitable Tolling ,
Etsy ,
Fiduciary Duty ,
Fraudulent Inducement ,
FRCP 23 ,
Loss Causation ,
Materiality ,
Misrepresentation ,
Omissions ,
Pleading Standards ,
Price-Fixing ,
Proxy Solicitations ,
Putative Class Actions ,
Reversal ,
Scienter ,
SCOTUS ,
Securities Exchange Act ,
Securities Fraud ,
Securities Litigation ,
Securities Violations ,
Shareholder Litigation ,
SLUSA ,
SolarCity ,
State Law Claims ,
Statute of Limitations ,
Subsequent Litigation ,
TD Ameritrade ,
Tesla
This quarter's issue includes summaries and associated court opinions of selected cases principally decided between November 2017 and January 2018. The cases address developing trends in appraisal, class certification, core...more
3/27/2018
/ Acquisitions ,
Appraisal ,
Books & Records ,
Breach of Duty ,
Business Judgment Rule ,
Buyouts ,
CEOs ,
Claim Preclusion ,
Class Action ,
Class Certification ,
Controlling Stockholders ,
Core Operations Doctrine ,
Corwin Doctrine ,
DE Supreme Court ,
Delaware General Corporation Law ,
Dell ,
Demand Futility ,
Derivative Suit ,
Director Compensation ,
Entire Fairness Standard ,
Federal Trade Commission (FTC) ,
Fiduciary Duty ,
Fraud-on-the-Market ,
FRCP 9(b) ,
High-Speed Trading ,
Loss Causation ,
Material Misrepresentation ,
Mergers ,
Motion to Amend ,
Petrobras ,
Pharmaceutical Industry ,
Pleading Standards ,
Preponderance of the Evidence ,
Presumption of Reliance ,
Proximate Cause ,
PSLRA ,
Ratification ,
Rebuttable Presumptions ,
Rule 10(b) ,
Rule 10b-5 ,
Scienter ,
Section 220 Request ,
Securities Exchange Act ,
Securities Fraud ,
Securities Litigation ,
SRO ,
Stock Drop Litigation
In this issue, we cover two decisions granting motions to strike/dismiss class claims, three decisions denying such motions, 26 decisions denying class certification or reversing grants of class certification, 22 decisions...more
12/26/2017
/ CAFA ,
Class Action ,
Class Certification ,
Corporate Counsel ,
Decertification ,
FDCPA ,
FRCP 26 ,
Lack of Jurisdiction ,
Motion to Dismiss ,
Motion to Remand ,
Motion To Strike ,
Reversal ,
TCPA
The use of third-party litigation financing — generally defined as the funding of litigation activities by entities other than the parties themselves, their insurers or their counsel — continues to increase in the United...more
4/20/2017
/ Class Action ,
Disclosure Requirements ,
Discovery ,
Federal Rules of Civil Procedure ,
In Camera Review ,
Litigation Funding ,
Local Rules ,
Mandatory Disclosure Rules ,
Non-Parties ,
Proposed Amendments ,
Split of Authority ,
Third Party Funding ,
Transparency
In This Issue:
- The Fairness in Class Action Litigation Act of 2015
- Class Certification Decisions:
..Decisions Granting Motions to Strike/Dismiss Class Claims
..Decisions Denying Motions to...more
6/17/2015
/ Breach of Contract ,
CAFA ,
Chamber of Commerce ,
Class Action ,
Class Certification ,
Commonality ,
Damages ,
Declaratory Relief ,
Discovery ,
Dukes v Wal-Mart ,
Estoppel ,
FACTA ,
FDCPA ,
FRCP 23 ,
Injunctive Relief ,
Jurisdiction ,
Leave to Amend ,
Local Controversy Exception ,
Motion to Dismiss ,
Motion To Strike ,
Predominance Requirement ,
Product Defects ,
Putative Class Actions ,
Reasonable Person Test ,
Remand ,
Res Judicata ,
Rule 68 ,
SCOTUS ,
Subject Matter Jurisdiction ,
TCPA ,
The Fairness in Class Action Litigation Act of 2015
In This Issue:
- Nexium and the Problems of Overbroad Class Actions
- Class Certification Decisions:
..Decisions Granting Motions to Strike/Dismiss Class Claims
..Decisions Denying Motions to Strike/Dismiss...more
This is the sixth edition of The Class Action Chronicle, a quarterly publication that provides an analysis of recent class action trends, along with a summary of class certification and Class Action Fairness Act rulings...more
This is the fifth edition of The Class Action Chronicle, a quarterly publication that provides an analysis of recent class action trends, along with a summary of class certification and Class Action Fairness Act rulings...more
In This Issue:
- Avoiding Class Certification Through an Offer of Judgment
- CLASS CERTIFICATION DECISIONS:
..Decisions Granting Motions to Strike
..Decisions Denying Motions to Strike...more
This is the third edition of The Class Action Chronicle, a quarterly publication that provides an analysis of recent class action trends, along with a summary of class certification and Class Action Fairness Act rulings...more
3/8/2014
/ Ascertainable Class ,
Breach of Contract ,
Breach of Warranty ,
Burden of Proof ,
Butler v Sears ,
CAFA ,
Class Action ,
Class Certification ,
Commonality ,
Consumer Protection Act ,
EFTA ,
FDCPA ,
Fraud ,
FRCP 23(b)(2) ,
FRCP 23(b)(3) ,
Halliburton v Erica P. John Fund ,
Indirect Purchasers ,
Injunctions ,
Motion To Strike ,
Negligence ,
Numerosity ,
Pharmaceutical Industry ,
Predominance Requirement ,
Presumption of Reliance ,
Removal ,
RESPA ,
Rule 68 ,
Securities Litigation ,
Standing ,
Subject Matter Jurisdiction ,
TCPA ,
Unfair Competition ,
Whirlpool v Glazer