Securities Law, Civil Procedure, Antitrust & Trade Regulation

In re LIBOR-Based Financial Instruments Antitrust Litigation: A Long Road Ahead

by Susan E. Foster | Perkins Coie on 5/17/2013

In a self-described “unexpected” ruling for the defendants in the consolidated LIBOR proceedings, Judge Naomi Reice Buchwald has dismissed the private plaintiffs’ antitrust and Racketeer Influenced and Corrupt Organizations...more

Second Circuit Rules That Putative Auction Rate Securities Class Action Complaints Failed to Adequately Plead Antitrust Conspiracy

by Rena Andoh | Sheppard Mullin Richter & Hampton LLP on 3/14/2013

In Mayor and City Council of Baltimore v. Citigroup, Inc., No. 10-0722-cv(L) and 10-0867-cv(CON), 2013 WL 791397 (2d Cir. Mar. 5, 2013), the United States Court of Appeals for the Second Circuit upheld the dismissal of two...more

Bernstein Shur Business and Commercial Litigation Newsletter #24

by Paul McDonald, Daniel J. Murphy | Bernstein Shur on 2/4/2013

We are pleased to present the 24th edition of the Bernstein Shur Business and Commercial Litigation Newsletter. This month, we highlight recent decisions addressing the statute of repose for securities fraud claims, the...more

Skadden's 2013 Insights: Global Litigation

by Skadden, Arps, Slate, Meagher & Flom LLP on 1/21/2013

New legal ground is expected to be broken this year in areas of importance to companies and their directors, officers and executives. We see those developments coming from around the globe and defining the litigation...more

REGULATORY: EU Competition Law: EU Internal Energy Market Legislation Not Fully in Force By Suzanne Rab

by King & Spalding on 6/7/2012

The Electricity and Gas Directives of the EU’s Third Energy Package were required to be implemented in EU national legislation by March 3, 2011 (with a year’s grace period until March 3, 2012 for unbundling rules). In our...more

London Litigation Update

by Quinn Emanuel Urquhart & Sullivan, LLP on 2/24/2011

English Court Upholds Forum-Selection Clauses Even When Doing So Results in Proceedings in Multiple Forums: A recent appellate decision further clarifies the extent to which courts in England and Wales will adhere to the...more

United States Supreme Court Skeptical of Requiring Statistical Significance as the Test to Determine Materiality in Securities...

by Morrison & Foerster LLP on 1/11/2011

On Monday, January 10, 2011, the Supreme Court heard arguments in Matrixx Initiatives, Inc. v. Siracusano, No. 09-1156. The Court previously granted certiorari in the case to decide: “Whether a plaintiff can state a claim...more

Corporate and Financial Weekly Digest - May 28, 2010

by Katten Muchin Rosenman LLP on 6/1/2010

In This Issue: *SEC/CORPORATE ..SEC Proposes Amendments to NASDAQ Listing Rules ..SEC’s Chief Accountant Testifies on Developments in Accounting and Auditing Standards *BROKER DEALER ..DTCC to Provide FINRA Access...more

United States Supreme Court Hears Oral Argument on the “Extraterritorial” Application of the Securities Exchange Act

by Morrison & Foerster LLP on 3/30/2010

Today the United States Supreme Court heard oral argument on the question of whether “Foreign-Cubed” securities class actions — private actions brought on behalf of foreign purchasers of the securities of foreign companies on...more

Discovery Executive Fined $1.4 Million For HSR Act Violations

by Sheppard Mullin Richter & Hampton LLP on 8/12/2009

In June 2009, media executive John Malone agreed to pay $1.4 million for violating the pre-merger reporting and waiting requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976 as amended (HSR Act). The...more

The Diminishing Role of the Private Attorney General in Antitrust and Securities Class Action Cases Aided by the Supreme Court

by Jarod Bona on 1/1/2009

The U.S. Supreme Court's 2008 decision in Stoneridge Investment Partners, LLC v. Scientific-Atlantic, Inc. illustrated a reformulation of the private-attorney-general model for enforcing federal laws. This case, which...more