Last week, the United States Supreme Court granted certiorari in NVIDIA Corp. v. E. Ohman J:Or Fonder AB., Case No. 23-970, to address two fundamental questions about how federal securities fraud cases must be pled to survive...more
6/25/2024
/ Appeals ,
Certiorari ,
Fraud ,
Motion to Dismiss ,
NVIDIA ,
Nvidia Corp v E Ohman J or Fonder AB ,
Pleading Standards ,
PSLRA ,
Scienter ,
SCOTUS ,
Securities Exchange Act of 1934 ,
Securities Fraud
Last week, the U.S. Supreme Court, in Macquarie Infrastructure Corporation v. Moab Partners, L.P., held that omissions of supposedly material information allegedly required to be disclosed under Item 303 of SEC Regulation S-K...more
4/17/2024
/ Certiorari ,
Investors ,
Item 303 ,
Liability ,
Macquarie Infrastructure Corp v Moab Partners LP ,
Omissions ,
Regulation S-K ,
Rule 10b-5 ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act of 1934 ,
Securities Fraud ,
Vacated
In a scathing decision by the United States District Court for the Southern District of New York, the Court denied class certification of the Allergan securities class action (“Allergan”). See In re Allergan PLC Sec. Litig.,...more
10/21/2020
/ Class Action ,
Class Certification ,
Class Members ,
Class Representatives ,
FRCP 23 ,
FRCP 23(b)(3) ,
Institutional Investors ,
Legal Fees ,
Question of Fact ,
Question of Law ,
Securities Fraud ,
Securities Litigation
The United States District Court of the District of Connecticut will soon decide whether a putative class member may intervene “for the limited purpose of tolling the statute of repose.” Statutes of repose place an outer...more
3/14/2019
/ Amended Complaints ,
Class Action ,
Federal Rules of Civil Procedure ,
Motion To Intervene ,
Price-Fixing ,
PSLRA ,
Securities Fraud ,
Standing ,
Statute of Limitations ,
Statute of Repose ,
Tolling
As we previously noted in this post, the United States District Court for the Northern District of California dismissed the Volkswagen Bondholder Plaintiff’s first amended complaint, with leave to amend, holding that it could...more