In This Issue:

*U.S. SUPREME COURT:

- Halliburton Co. v. Erica P. John Fund, Inc., No. 13-317 (U.S. Nov. 15, 2013) Lawson v. FMR LLC, No. 12-3 (U.S. Nov. 12, 2013)

- Chadbourne & Parke LLP v. Troice, No. 12-79, Willis of Colorado Inc. v. Troice, No. 12-86 and Proskauer Rose LLP v. Troice, No. 12-88 (U.S., Oct. 7, 2013)

*AUDITOR LIABILITY:

- In re OSG Sec. Litig., No. 12 Civ. 7948 (SAS) (S.D.N.Y. Sept. 10, 2013)

*CLASS ACTIONS:

- Severing Claims:

..In re Facebook, Inc. IPO Sec. and Derivative Litig., No. 12-2389

(S.D.N.Y. Aug. 13, 2013)

*Certification:

- Hall v. Variable Annuity Life Ins. Co., No. 12-20440 (5th Cir. Aug. 15, 2013)

- Smilovits v. First Solar, Inc., No. 12-00555 (D. Ariz. Oct. 8, 2013)

- Haw. Ironworkers Annuity Trust Fund v. Cole, No. 10-cv-371 (N.D. Ohio Sept. 4, 2013)

*DODD-FRANK ACT:

- Dennis v. Hart, Nos. 12-55241, 12-55266, 12-55282, 12-55291 (9th Cir. July 31, 2013)

*DUTY TO DISCLOSE:

- Sec. & Exch. Comm’n v. EagleEye Asset Mgmt., LLC, No. 11-11576-WGY

(D. Mass. Oct. 4, 2013)

*Fiduciary Duties:

*Derivative Litigation:

- Ark. Teacher Ret. Sys. v. Countrywide Fin. Corp., No. 14, 2013 (Del. Sept. 10, 2013)

- Marvin H. Maurras Revocable Trust v. Bronfman, No. 1:12-cv-03395 (N.D. Ill. Sept. 24, 2013)

*Mergers and Acquisitions:

- In re BioClinica, Inc. S’holder Litig., No. 8272-VCG (Del. Ch. Oct. 16, 2013)

- In re Sirius XM S’holder Litig., No. 7800-CS (Del. Ch. Sept. 27, 2013)

- Se. Pa. Transp. Auth. v. Volgenau, No. 6354-VCN (Del. Ch. Aug. 5, 2013)

*FOREIGN CORPORATIONS:

- Stream SICAV v. Wang, No. 12 Civ. 6682 (PAE) (S.D.N.Y. Oct. 7, 2013)

*LOSS CAUSATION:

- Nuveen Mun. High Income Opportunity Fund v. City of Alameda, Cal.,No. 11-17391 (9th Cir. Sept. 19, 2013)

- In re Moody’s Corp. Sec. Litig., No. 07 Civ. 08375 (GBD) (S.D.N.Y. Aug. 23, 2013)

*MISREPRESENTATIONS:

- In re ProShares Trust Sec. Litig., No. 12-3981 (2d. Cir. July 22, 2013)

*PONZI SCHEMES:

- United States v. McKye, No. 12-6108 (10th Cir. Aug. 20, 2013)

*PSLRA:

- Kaplan v. S.A.C. Capital Advisors L.P., No. 12 Civ. 9350 (VM) (S.D.N.Y. Oct. 22, 2013)

*SCIENTER:

- Rahman v. Kid Brands, Inc., No. 12-4257 (3d Cir. Nov. 15, 2013)

- Ross v. Lloyds Banking Grp., PLC, No. 12-4600-cv(L) (2d Cir. Sept. 19, 2013)

- Ricker v. Zoo Entm’t, Inc., No. 12-3951 (6th Cir. Aug. 27, 2013)

*SEC ENFORCEMENT ACTIONS:

- Sec. & Exch. Comm’n v. Thompson, No. 11-4182 (10th Cir. Oct. 4, 2013)

- Sec. & Exch. Comm’n v. CMKM Diamonds, Inc., Nos. 11-17021, 11-17025 (9th Cir. Sept. 10, 2013)

*SECURITIES ACT CLAIMS:

- Pension Trust Fund for Operating Eng’rs. v. Mortg. Asset Securitization Transactions, Inc., No. 12-3454 (3d Cir. Sept. 17, 2013)

- Salameh v. Tarsadia Hotel, No. 11-55479 (9th Cir. Aug. 13, 2013)

- In re OSG Sec. Litig., No. 12 Civ. 7948 (SAS) (S.D.N.Y. Sept. 10, 2013)

*SECURITIES FRAUD PLEADING STANDARDS:

- In re Barclays Bank PLC Sec., No. 11-2665-cv (2d Cir. Aug. 19, 2013)

- Coyne v. Metabolix, Inc., No. 12-10318-DPW (D. Mass. Sept. 20, 2013)

- City of Taylor Gen. Emps. Ret. Sys. v. Magna Int’l Inc., No. 12 Civ. 3553 (NRB) (S.D.N.Y. Aug. 23, 2013)

*STANDING:

- In re Bernard L. Madoff Inv. Sec. LLC, Nos. 11-5044, 11-5051, 11-5175, 11-5207 (2d Cir. June 20, 2013)

*STATUTES OF LIMITATIONS:

- Matana v. Merkin, No. 13 Civ. 1534 (PAE) (S.D.N.Y. July 30, 2013)

*STATUTES OF REPOSE :

- In re Countrywide Fin. Corp. Mortg.-Backed Sec. Litig., Nos. 2:11-ML-02265-MRP (MANx), 2:12-CV-08558-MRP (MANx) (C.D. Cal. Aug. 26, 2013)

Please see full publication below for more information.

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Topics:  Auditors, Certifications, Chadbourne & Parke LLP v Troice, Class Action, Derivative Suit, Dodd-Frank, Duty to Disclose, Enforcement Actions, Facebook, Fiduciary Duty, Foreign Corporations, Fraud, Halliburton, Halliburton v Erica P. John Fund, Misrepresentation, Pleading Standards, Ponzi Scheme, PSLRA, Scienter, SCOTUS, SEC, Securities Exchange Act, Securities Fraud, Standing, Statute of Limitations, Statute of Repose

Published In: Business Torts Updates, Civil Procedure Updates, Finance & Banking Updates, Mergers & Acquisitions Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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