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News & Analysis as of May 21, 2013

[Legal Perspective] When Is It NOT Okay to Delete Your Social Media Account?

Flawed Confidential Witness Allegations: A Crucial Issue in Securities Class Action Litigation

by Douglas W. Greene | Lane Powell PC - Securities / D&O Discourse on 4/4/2013

The recurring and pervasive problem of flawed confidential witness (“CW”) allegations tops my list of the key issues in securities class action litigation.* I don’t mean just notorious situations such as those recently at...more

Say Hello To My Imaginary Friend! Judge Posner, Seventh Circuit Issue Stern Warning To Plaintiffs’ Firms For Again Citing Bogus...

by William Alderman, Christin Hill, Matthew Tolve | Orrick - Securities Litigation and Regulatory... on 4/2/2013

Plaintiffs’ counsel beware: to avoid Rule 11 sanctions you might actually have to talk to “confidential witnesses” yourself and corroborate their statements before citing them in a securities fraud complaint....more

Texas Looks to “Rejuvenate the Courthouse” With New Rules for Expedited Trial, Permissive Interlocutory Appeal and New “Loser...

by Gregory Hudson, C. Wesley Vines | Cozen O'Connor on 2/15/2013

Introduction - In 2011, the Texas Legislature passed House Bill 274, directing the Texas Supreme Court to promulgate new rules reducing the expense and delay of litigation. House Bill 274 calls for early “dismissal of...more

Annual Report on EEOC Developments – Fiscal Year 2012

by Littler on 1/9/2013

Over the years, Littler has provided periodic reports on significant cases, regulatory developments and other activities involving the Equal Employment Opportunity Commission (EEOC or “the Commission”). While such guidance is...more

Illinois Supreme Court to Consider The Potential Perils of E-Filing a Notice of Appeal

by Kirk Jenkins | Sedgwick LLP on 1/4/2013

We continue our previews of the civil cases scheduled for oral argument during the Illinois Supreme Court's January term with VC&M, Ltd. v. Andrews....more

McCarn v. HSBC USA, Inc.: A Federal Court Dismisses a Plaintiff's Attempt to Apply Antitrust-Conspiracy Principles to a Consumer...

by Sara Aliabadi, Christopher A. Reese | Schnader Harrison Segal & Lewis LLP on 12/29/2012

On November 13, 2012, the U.S. District Court for the Eastern District of California, in McCarn v. HSBC USA, Inc., 2012 U.S. Dist. LEXIS 162257, issued an important decision rejecting as inadequate a plaintiff’s attempt to...more

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