After 12 years of litigation, a trial court in Germany has finally reached a decision in a landmark case for group actions in European civil law jurisdictions. The court decided that Deutsche Telekom did not make false or misleading statements of fact in a prospectus for a secondary stock offering in 2000. The case was [...]
Posts Tagged ‘securities class action’
Finally, a Decision in the Groundbreaking Group Action Against Deutsche Telekom
Posted in Class Action Trends, International Class Action Law, tagged capital market proceedings act, civil law, deutsche telekom, european class action, german class action, group litigation, international class action, kapmug, model proceeding, multi-party litigation, prospectus liability, representative action, securities class action, telekom on May 16, 2012 | Leave a Comment »
NYT Dealbook Blog: Explaining the Securities Class Action Downturn
Posted in Class Action Settlements, Class Action Trends, Securities Class Actions, tagged cornerstone research, credit crisis, dealb%k, dealbook, economic crisis, economic downturn, financial restatements, mortgage crisis, New York Times, NYT, securities class action, securities fraud, securities litigation, securities settlement, silk, tyukody on April 3, 2012 | 1 Comment »
A few weeks ago, I posted a link to a Cornerstone Research report concluding that securities class action settlements were at a 10-year low. Yesterday, securities litigators Daniel Tyukody and Gerald Silk posted an article in the New York Times DealBook blog entitled Understanding the Dip in Class-Action Securities Settlements with some insights explaining the downturn. Among the explanations are [...]
Securities Class Action Business Not Booming, Says Cornerstone Research
Posted in Class Action Trends, Reports and Surveys, Securities Class Actions, tagged class action, class action settlement, cornerstone research, pslra, reform act, securities class action, settlement trends, slusa on March 14, 2012 | 2 Comments »
Cornerstone Research has published a new study on trends in securities class action settlements concluding that the total number of securities class action settlements, the total amount of settlement dollars, and the average settlement value, fell to their lowest levels in 10 years in 2011. Michael J. de la Merced of the New York Times authored this article summarizing the study’s [...]
And Speaking of Morrison…
Posted in Class Action Decisions, International Class Action Law, Securities Class Actions, tagged 10b, 10b-5, absolute activist, conduct and effects, ficeto, morrison, national australia bank, scotus, securities class action, securities fraud, transactional test, u.s. supreme court on March 6, 2012 | Leave a Comment »
The Second Circuit Court of Appeals issued a decision last week that confirms that there are still situations where primarily foreign securities fraud disputes may be litigated as class actions in the United States courts. The decision explores the contours of the US Supreme Court’s holding in Morrison v. National Australia Bank Ltd., 130 S. Ct. 2869 (2010) that § [...]
Are US Class Actions in Danger of Being Outsourced to Mexico?
Posted in Class Action Trends, International Class Action Law, Other class action blogs, Reports and Surveys, Securities Class Actions, tagged australia class action, f-cubed, foreign cubed, international class action, mexican class action, mexico, mexico class action, morrison, national australia bank, securities class action on March 5, 2012 | Leave a Comment »
Kevin LaCroix, whose blog The D&O Diary is a premier source for the latest trends in securities-related class action litigation, has an excellent post out today discussing two key developments in an area that is very close to my heart, international class action litigation. The first part of LaCroix’s post discusses a recent publication from Asia-based International law firm King & Wood Mallesons discussing class action [...]
Can’t Seem to Find Common Ground with Plaintiff’s Counsel? Try the Trustee.
Posted in CAFA Requirements, Class Action Decisions, Class Action Settlements, Class Action Trends, Other class action blogs, tagged article 77, bank of america, blackrock financial, CAFA, class action, diversity jurisdiction, erisa, frankel, new york state code, opt out, second circuit, securities class action, securities class action trends, securities exception, trustee on February 27, 2012 | Leave a Comment »
Alison Frankel, whose On the Case blog is featured in the Thomson Reuters News and Insight section, posted this interesting article today discussing a novel alternative to the class action as a device to resolve mass disputes. The procedural device in question is Article 77 of the New York State Code, which allows a trustee to seek court approval of decisions relating [...]
Vote for TheRacetotheBottom.org in the Annual ABA Journal Blawg 100 Competition
Posted in Other class action blogs, tagged aba journal, blawg, corporate governance, securities class action on December 17, 2011 | Leave a Comment »
I have to put in a little pitch for one of the many worthy blogs nominated for the ABA Journal’s Blawg 100 awards this year. I must admit my bias. TheRacetotheBottom.org is edited by one of my favorite law school professors, Jay Brown, and the contributors are students and other faculty from my alma mater, the University [...]
Presentation Materials for Tomorrow’s CLE Webinar on the Supreme Court’s Dukes, Bayer, and Halliburton Decisions
Posted in Class Action Trends, CLE Programs, tagged bayer, class certification, cle, CLE program, commonality, dukes, eisen, employment class action, erica p. john fund, fraud on the market, halliburton, securities class action, smith v. bayer, webinar on August 29, 2011 | Leave a Comment »
It’s not too late to sign up for tomorrow’s Strafford Publications Webinar Class Certification After Dukes, Bayer and Halliburton Rulings. As a preview, here is a copy of the written materials for my portion of the presentation, Opposing Class Certification After Dukes, Bayer and Halliburton. I hope you can make it.
2010-11 U.S. Supreme Court Class Action Tally: Defendants 1, Plaintiffs 1
Posted in rule 23, Securities Class Actions, Supreme Court Decisions, tagged erica p. john, fifth circuit, fraud on the market, frcp 23, preponderance, presumption of reliance, rule 23, securities class action, securities fraud on June 6, 2011 | Leave a Comment »
Just when we were starting to think that 2011 might mark the end of the great American class action… Today, the Supreme Court issued a unanimous decision reversing a denial of class certification in the securities class action Erica P. John Fund, Inc. v. Halliburton Co., No. 09-1403, slip op (June 6, 2011). In the opinion, authored by [...]


Association, Causation, and the Fuzzy World of the Baysian p-Value in Class Actions
Posted in Class Action Trends, Commentary, tagged 10-b, 10b, anosmia, basic, baysian, class action statistics, hopson, kaye, matrixx, p-value, reasonable investor, scientific evidence, securities, securities class action, securities fraud, statistics, zicam on November 15, 2011 | Leave a Comment »
David H. Kaye, Distinguished Professor of Law and Weiss Family Faculty Scholar at the Penn State School of Law, recently published a fascinating commentary in the BNA Insights section of the BNA Product Safety & Liability and Class Action Reporters, entitled Trapped in the Matrixx: The U.S. Supreme Court And the Need for Statistical Significance. In the article, [...]
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