Rule 23 gains a toehold in certain bankruptcy proceedings.
Generally impermissible until 1987, class action proofs of claim have increasingly been used by class creditors to their advantage. ...more
In the recent case of Davis v. Elliot Mgmt. Corp. (In re Lehman Bros. Holdings Inc.), 2014 U.S. Dist. LEXIS 48102 (S.D.N.Y. Mar. 31, 2014), the District Court for the Southern District of New York issued a decision barring...more