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Archive for May, 2008

Last night we held our first official event of the newly formed Class Actions, Derivative Suits, and Mass Torts Subsection of the Colorado Bar Association’s Litigation Section.  A dozen or so class action and mass tort lawyers from around the Denver metro area attended our cocktail function, and by all accounts the event was a [...]

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I came across this article today from Australian news outlet The Age regarding proposed class action reforms being considered in the Australian Federal Court.  Among the possible reforms reportedly being considered is a measure “restricting an appeal on an interlocutory issue until the entire case is heard.”
The quoted statement is admittedly lacking in detail, but the article appears [...]

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Here are some blog entries of interest to class action practitioners from the week that was.
It’s been a big week for blog postings on CAFA removal decisions…
… after a bit of a hiatus, CAFA Law Blog is back with a rollicking review of the latest in CAFA removal decisions from the Seventh Circuit Court of Appeals [...]

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A panel of the Texas Court of Appeals today vacated a lower court’s order granting temporary custody to the state over hundreds of children seized in in a recent raid on a polygamist sect in a ranch near El Dorado, Texas.  USA Today blog On Deadline has posted a link to a copy of the court’s opinion.
The appellate court found an abuse of discretion [...]

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A National Law Journal Article published today (available at Law.com) entitled Tough Year for Class Action Attorneys Continues provides an analysis of the latest round of prosecutions of alleged class action kickback schemes.  As the article points out, the news provides more ammunition for those calling for a Congressional investigation into the scandals and those proposing new class action [...]

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The Class Action Blogosphere Weekly Review is back on its regularly scheduled day this week.  As always, here are some blog entries that might be of interest to class action practitioners…
See Carlton Fields’ class action blog Classified for links to various news tidbits relating to class actions, including a summary of a bill recently passed in the [...]

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This site got a huge spike in page views today, thanks to a citation from a great website that I was not familiar with, www.LLRX.com.  A feature article published today on the site lists ClassActionBlawg.com among many online resources available for information regarding class action law.  Many thanks to LLRX.com for the link, and thanks also for tipping me [...]

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According to an AP story published today, Texas Senator John Cornyn has introduced a bill “aimed at protecting shareholders from rogue attorneys” in securities class actions.  Senator Cornyn’s bill, not coincidentally, was introduced on the same day that class action attorney William Lerach reported to prison for a 2-year term for paying illegal kickbacks to securities class action [...]

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Law.com published an interesting article Friday by Scott Balber of Chadbourne and Parke.  Mr. Balber provides statistics on securities class action filings in 2007 and comments on reasons for recent pro-business trends in securities class actions, including the resolution of several key legal issues on grounds favorable to defendants, a jury verdict for the defense in an investor [...]

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A Reuters.com article published today summarizes a NERA Economic Consulting study on litigation involving stock options backdating allegations.  The study found that settlements in shareholder class actions filed for alleged backdating have been lower than “comparable shareholder class action settlements” and that settlement amounts have been less than half on average of what the firm had previously predicted.  The [...]

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