Securities, Class Action | JD Supra Law News

Insurance Coverage for Class Action Lawsuits

by Judy Selby | BakerHostetler on 4/19/2013

Upon learning that his obituary had been published in the New York Times, Mark Twain famously quipped, “Reports of my death have been greatly exaggerated.” The same can be said about class action lawsuit filings after the...more

Second Circuit Reinstates MBS Suit, Easing Standing Hurdle For Investors

by BuckleySandler LLP on 3/14/2013

On March 1, the U. S. Court of Appeals for the Second Circuit held that an investor plaintiff may be able to assert claims on behalf of a class for securities in which it had not invested, and additionally found that the...more

First Take on Amgen Decision: Supreme Court “Basically” Endorses Status Quo

by Douglas W. Greene | Lane Powell PC - Securities / D&O Discourse on 2/28/2013

The Supreme Court released its anxiously awaited decision in Amgen Inc. v. Connecticut Retirement Plans yesterday. On the face of the decision, it was a loss for defendants in that case, and for companies everywhere that are...more

Bernstein Shur Business and Commercial Litigation Newsletter #25

by Paul McDonald, Daniel J. Murphy | Bernstein Shur on 2/28/2013

We are pleased to present the 25th edition of the Bernstein Shur Business and Commercial Litigation Newsletter. This month, we highlight financial services industry news and developments, including continued support for...more

Citing Concepcion, FINRA Panel OKs Class Action Waivers in Broker-Dealer Customer Arbitration Agreements

by Jessica R. Bogo, Sarah A. Good | Pillsbury Winthrop Shaw Pittman LLP on 2/28/2013

A Financial Industry Regulatory Authority (“FINRA”) hearing panel held that FINRA’s own rules prohibiting judicial class action waivers in broker-dealer customer arbitration agreements are preempted by the Federal Arbitration...more

Court Confirms That S. 130 Of The Ontario Securities Act Applies Only To Primary Market Purchasers

by Michael Beeforth | Dentons on 2/22/2013

In the recent decision of Tucci v. Smart Technologies Inc. (2013 ONSC 802), Justice Perell confirmed that the statutory cause of action for misrepresentation in a prospectus (set out in s. 130(1) of the Ontario Securities...more

Looking Ahead: Forthcoming 2013 Securities and Corporate Governance Litigation Developments

by Douglas W. Greene | Lane Powell PC - Securities / D&O Discourse on 2/21/2013

This promises to be an eventful year in securities and corporate governance litigation. A number of looming developments have the potential to change the landscape for many years to come. This is the first of two posts – or...more

2012 Trends in Securities Class Action Filings

by Michael Rosensaft, Allison Wuertz | Katten Muchin Rosenman LLP on 1/31/2013

On January 23, Cornerstone Research and Stanford Law School’s Securities Class Action Clearinghouse released their “2012 Year in Review” report, which analyzes the federal securities fraud class action filings over the past...more

Decline in Securities Class Action Filings in 2012: What It Doesn’t Mean

by Lane Powell PC - Securities / D&O Discourse on 1/28/2013

For most readers of this blog, it is now old news that securities class action filings were down in 2012, especially in the second half of the year – this was extensively discussed and examined over the last several weeks by...more

Where Have All The CAFA Notices Gone?

by Keith Paul Bishop | Allen Matkins Leck Gamble Mallory & Natsis... on 1/9/2013

On February 18 2005, Congress enacted the Class Action Fairness Act (CAFA), P.L. No. 109-2 (28 U.S.C. §§ 1332(d), 1453, and 1711 – 1715). In enacting the CAFA, Congress sought to protect consumers and investors from...more

Foreign Issuers Take Note: The Expanding Reach of Ontario Securities Law

by Samuel M. Robinson | Heenan Blaikie LLP on 12/12/2012

Yesterday, the Supreme Court of Canada refused to hear an appeal from an Ontario Court of Appeal decision permitting a secondary market liability securities class action to proceed in Ontario against a defendant whose shares...more

Amgen Argument Points Up Split in Supreme Court on Class Certification Versus Merits Issues

by Deborah Renner | BakerHostetler on 11/30/2012

On November 5, 2012, the U.S. Supreme Court heard argument in Amgen, Inc. v. Connecticut Retirement Plans and Trust Funds, No. 1085, a securities class action, that concerned the ongoing question of what evidence is required...more

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Securities › Class Action