Putting an end to shareholder derivative litigation arising from News Corp.’s phone-hacking scandal, the company’s directors agreed last week to a record-breaking $139 million cash settlement. According to the plaintiffs’...more
- Derivative Suit News Corp Phone-Hacking Scandal Settlement
In a precedent setting decision, the Ninth Circuit affirmed dismissal of a putative class action in In re Century Aluminum Co. Securities Litigation, significantly raising the pleading bar in Section 11 cases. Plaintiffs...more
- Aftermarket Purchases Section 11 Shareholders Twombly/Iqbal Pleading Standard
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