In This Issue:

*U.S. SUPREME COURT

- Class Certificaton - Amgen Inc. v. Conn. Ret. Plans and Trust Funds, No. 11 1085 (U.S. Feb. 27, 2013)

- Statutes of Limitations - Gabelli v. Sec. & Exch. Comm’n, No. 11-1274 (U.S. Feb. 27, 2013)

*CLASS CERTIFICATION

- In re Computer Scis. Corp. Sec. Litig., No. 1:11-cv-610 (E.D. Va. Dec. 19, 2012)

* DIRECTORS AND DIRECTORS’ DUTIES

- Derivative Litigation - Ark. Teacher Ret. Sys. v. Mozilo, No. 10-56340 (9th Cir. Jan. 10, 2013)

- Mergers and Acquisitions - In re Celera Corp. S’holder Litig., No. 212, 2012 (Del. Dec. 27, 2012, revised Jan. 2, 2013)

- In re Novell, Inc. S’holder Litig., No. 6032-VCN (Del. Ch. Jan. 3, 2013)

*DISCOVERY

- In re Merck & Co., Inc. Sec., Derivative & “ERISA” Litig., MDL No. 05-1658 (SRC) (D.N.J. Dec. 12, 2012)

* EXCHANGE ACT

- Kleinman v. Elan Corp., No. 11-3706-cv (2d Cir. Feb. 1, 2013)

*EXPERT WITNESSES

- Fed. Hous. Fin. Agency v. JP Morgan Chase & Co., No. 11 Civ. 6188 (DLC) (S.D.N.Y. Dec. 3, 2012)

*FRAUD-ON-THE-MARKET THEORY

- State v. Marsh & McLennan Cos., Inc., No. SC S059386 (Or. Dec. 13, 2012)

*FOREIGN CORPORATIONS

- In re Satyam Computer Servs. Ltd. Sec. Litig., No. 09 MD 2027 (BSJ) (S.D.N.Y. Jan. 2, 2013)

- FORWARD-LOOKING STATEMENTS

- In re WebMD Health Corp. Sec. Litig., No. 11 Civ. 5382 (JFK) (S.D.N.Y. Jan. 2, 2013)

*INSIDER TRADING CLAIMS

- Gibbons v. Malone, No. 11-3620-cv (2d. Cir. Jan. 7, 2013)

*INVESTMENT COMPANY ACT

- Kasilag v. Hartford Inv. Fin. Servs., LLC, No. 11-1083 (RMB/KMW) (D.N.J. Dec. 17, 2012)

*LOSS CAUSATION

- Solow v. Citigroup, Inc., No. 12-2499-cv (2d Cir. Jan. 15, 2013)

*MATERIALITY

- Filing v. Phipps, No. 11-4157 (6th Cir. Oct. 23, 2012)

*SCIENTER

- In re VeriFone Holdings, Inc. Sec. Litig., No. 11-15860 (9th Cir. Dec. 21, 2012)

- Iowa Pub. Emp.’s Ret. Sys. v. Deloitte & Touche LLP, No. 12 Civ. 2136 (JPO) (S.D.N.Y. Jan. 23, 2013)

- Sarafin v. BioMimetic Therapeutics, Inc., No. 3:11-0653 (M.D. Tenn. Jan. 10, 2013)

*SECONDARY ACTOR LIABILITY

- In re DVI Inc. Sec. Litig., No. 03-5336 (E.D. Pa. Jan. 4, 2013)

- Meridian Horizon Fund, L.P. v. Tremont Grp. Holdings, Inc., No. 09 Civ. 3708 (S.D.N.Y. Dec. 11, 2012)

*SECURITIES ACT CLAIMS

- N.J. Carpenters Health Fund v. Royal Bank of Scotland Grp., PLC, No. 12-1707 cv (2d Cir. Mar. 1, 2013)

- Silverstrand Invs. v. AMAG Pharm., Inc., No. 11-2063 (1st Cir. Feb. 4, 2013)

*SLUSA PRECLUSION

- Freeman Investments, L.P. v. Pacific Life Ins. Co., No. 09-55513 (9th Cir. Jan. 2, 2013)

*STANDING

- In re Century Aluminum Co. Sec. Litig., No. 11-15599 (9th Cir. Jan. 2, 2013)

- In re Am. Int. Grp., Inc. Sec. Litig., No. 04 Civ. 8141 (DAB) (S.D.N.Y. Jan. 7, 2013)

- Excerpt from Supreme Court Holds Securities Fraud Plaintiffs Are Not Required

To Prove Materiality of Allegedly False Statements to Certify a Class:

In a 6-3 decision, the Supreme Court of the United States held that a securities fraud plaintiff alleging fraud on the market need not establish the materiality of an alleged fraudulent statement in order to obtain class certification. Justice Ginsburg delivered the opinion of the Court, and Justices Scalia, Thomas and Kennedy dissented.

Please see full memorandum below for more information.

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Topics:  Amgen Inc. v Connecticut Retirement Plans, Attorney-Client Privilege, Class Action, Class Certification, Corporate Governance, Derivative Suit, Discovery, Expert Witness, Fraud-on-the-Market, Gabelli v SEC, Insider Trading, SCOTUS, Standing, Statute of Limitations

Published In: Business Organization Updates, Business Torts Updates, Civil Procedure Updates, Constitutional Law 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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