Inside The Courts - March 2013 | Volume 5 | Issue 1


In This Issue:


- 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)


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


- 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)


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


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


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


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


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


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


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


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


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


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


- 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)


- 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)


- 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)


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


- 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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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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