Last week, the Fifth Circuit reversed a decision from the United States District Court for the Northern District of Texas that had dismissed a class action against Six Flags Entertainment Corporation. The complaint in...more
One of the most significant differences between bringing a securities lawsuit in state versus federal court is the application of the mandatory discovery stay set forth in the Private Securities Litigation Reform Act (the...more
8/18/2021
/ Class Action ,
Cyan Inc v Beaver Cty Emps Ret Fund ,
Discovery ,
Initial Public Offering (IPO) ,
Jurisdiction ,
Material Misstatements ,
Motion for Leave ,
Motion to Dismiss ,
PSLRA ,
Registration Statement ,
SCOTUS ,
Securities Act of 1933 ,
Securities Litigation ,
Securities Violations ,
SLUSA ,
Software Developers ,
Stays
On December 11, 2020, the United States Supreme Court granted certiorari in a shareholder securities litigation against Goldman Sachs. On appeal, Goldman argues that federal securities law permits issuer defendants in...more
12/16/2020
/ Certiorari ,
Class Action ,
Class Certification ,
Fraud-on-the-Market ,
FRCP 23 ,
Goldman Sachs ,
Material Misrepresentation ,
Materiality ,
Presumption of Reliance ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Litigation ,
Stock Prices