Kevin Mortimer

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U.S. District Court Holds that Certain Claims by Opt-Out Plaintiffs Are Barred by the Statute of Repose

In a recent ruling in In re: BP p.l.c. Securities Litigation the United States District Court for the Southern District of Texas dismissed claims asserted by opt-out plaintiffs as time barred by the Exchange Act’s statute of...more

10/10/2018 / American Pipe & Construction Co. v. Utah , CalPERS v ANZ Securities , Class Action , Equitable Tolling , Institutional Investors , Opt-Outs , SCOTUS , Securities Act of 1933 , Securities Litigation , Statute of Limitations , Statute of Repose

Petrobras Court’s Denial of Plaintiffs’ Request for Confidential Treatment of Opt-Out Provisions Could Undermine the Settlement...

On Tuesday, February 6, 2018, United States District Judge Jed S. Rakoff denied class counsel’s request to file under seal three supplemental agreements to a $2.95 billion settlement in the Petrobras Securities Litigation,...more

2/15/2018 / Attorney's Fees , Class Action , Class Certification , Construction Contracts , Kickbacks , Opt-Outs , Petrobras , Securities Act of 1933 , Securities Litigation , Settlement Agreements

Court in the BP p.l.c. Securities Litigation Upholds Opt-Out Procedures But Then Allows Individual Action Plaintiffs to Opt Back...

On November 4, 2016, Judge Keith Ellison of the United States District Court for the Southern District of Texas granted preliminary approval of a $175 million settlement in the federal securities class action In re: BP p.l.c....more

11/30/2016 / BP , Class Action , Investors , Opt-Outs , Securities Litigation , Settlement

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