As expected, securities class action filings reached a high-water mark in 2017. In fact, last year’s total of 400-plus filings was the second-highest on record, topped only by 2001, when the number was skewed by more than 300...more
1/29/2018
/ CalPERS v ANZ Securities ,
Class Action ,
Equitable Tolling ,
Extraterritoriality Rules ,
Initial Public Offering (IPO) ,
International Litigation ,
Life Sciences ,
Mergers ,
Petrobras ,
PSLRA ,
Securities Fraud ,
Securities Litigation ,
Statute of Limitations ,
Statute of Repose ,
Technology Sector ,
Trulia
In one of the first cases argued before new Justice Neil Gorsuch, the Supreme Court in California Public Employees’ Retirement System v. ANZ Securities, Inc. (CalPERS), No. 16-373, slip op. at 16-17 (June 26, 2017), decided...more
Plaintiffs filed 300 securities class actions in 2016 — a mark much higher than the annual average of 221 from 2011 to 2015 (as reported by NERA Economic Consulting). Indeed, the number of filings in 2016 was the...more
2/1/2017
/ Burden of Proof ,
CalPERS v ANZ Securities ,
Class Action ,
Class Certification ,
Foreign Issuers ,
Fraud-on-the-Market ,
Initial Public Offering (IPO) ,
PSLRA ,
SCOTUS ,
Securities Act of 1933 ,
Securities Fraud ,
Securities Litigation ,
Statute of Limitations ,
Statute of Repose ,
Stock Drop Litigation ,
Tolling ,
Trump Administration