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23 Mar 2011, 7:50 am
Yesterday the Supreme Court handed down their opinion in the Zicam related securities fraud class action, Matrixx Initiatives, Inc. v. [read post]
23 Mar 2011, 6:24 am
The WSJ Law Blog describes the unanimous decision as a “rare win” for securities-fraud plaintiffs. [read post]
22 Mar 2011, 6:26 pm
The plaintiffs of this securities case are a class of investors that bought Apollo Group, Inc. common stock. [read post]
22 Mar 2011, 12:52 pm
Proctor Hospital 8-0 in favor of the plaintiff. [read post]
22 Mar 2011, 10:57 am
In April 2004, plaintiff shareholders filed a securities class action lawsuit against Matrixx and three of its directors and officers, alleging that the defendants were aware that numerous Zicam users experienced loss of the sense of smell. [read post]
21 Mar 2011, 6:18 am
That interest, in turn, may lead to an investigation which provides additional leverage to plaintiffs. [read post]
21 Mar 2011, 3:58 am
(Central District of California Judge Dale Fischer interpreted and applied Morrison for purposes of a July 2010 lead plaintiff ruling in the Toyota securities suit, but did not reach the question whether Morrison precluded the claims of shareholders who purchased their shares outside the U.S.) [read post]
18 Mar 2011, 3:00 am
This is one of a series of posts that will excerpt sections from the third edition of my book, Day on Torts: Leading Tennessee Tort Cases. [read post]
17 Mar 2011, 2:56 pm
The events surrounding its failure have already been the subject of extensive litigation, not the least of which is a pending securities class action lawsuit filed on behalf of WaMu’s shareholders, which, as noted here, survived a renewed motion to dismiss after the lead plaintiffs amended their complaint. [read post]
16 Mar 2011, 4:17 pm
Both documents were executed on behalf of these parties by Jon Foreman, who I assume is the same Jonathan Foreman who is one of the lead class action counsel. [read post]
16 Mar 2011, 3:25 pm
This would lead to a lot more foods being included. [read post]
16 Mar 2011, 1:41 pm
Coupled with the threat of a class action suit (all time great Reggie White was the lead name plaintiff) brought the NFL to the bargaining table and free agency was accepted in exchange for a salary cap. [read post]
16 Mar 2011, 5:34 am
Prior to Merck, the law of the Second Circuit had provided that a plaintiff was on “inquiry notice” when public information would lead a reasonable investor to investigate the possibility of fraud. [read post]
14 Mar 2011, 7:49 pm
Nearly eight years after the state enacted medical malpractice reform measures and in the wake of one the worst economic downturns in history, the number of plaintiffs verdicts has continued to dwindle in many venues statewide, leading several of Pennsylvania's largest plaintiffs firms to screen those cases more rigorously. [read post]
14 Mar 2011, 11:06 am
Briefings by the plaintiffs and defendants are due on March 21 and March 28, respectively. [read post]
14 Mar 2011, 11:00 am
Lawyers representing plaintiffs in a class-action lawsuit against Green Mountain Coffee don’t think so. [read post]
14 Mar 2011, 4:00 am
’” Thus, it found that the plaintiffs could not satisfy the requirements of Rule 23(b) and denied certification of the state law classes. [read post]
13 Mar 2011, 8:56 pm
Collusion After a review of the leading commentary by scholars as well as court decisions from around the country, the Special Counsel formulated the following definition: a collusive settlement in the context of stockholder deal litigation appears to involve, at its core, an explicit or implicit agreement between counsel for plaintiffs and counsel for defendants to require less consideration for the settling class in exchange for (1) exclusive dealings with particular… [read post]
13 Mar 2011, 8:32 pm
Nor did they allege that there was collusion between the government and the class action plaintiffs. [read post]
12 Mar 2011, 8:29 pm
Saturday (03/05/11): And with that confidence in-hand, we torched the next two teams we faced on Saturday Tinkerbell and I were counsel for the Plaintiff for both rounds, and we first went up against 2Ls from I’m-not-entirely-sure-where.3 The results could be summed up like this: Tinkerbell was so devastating on cross-examination, their lead counsel blurted “DAMN! [read post]
