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Archive for July 9th, 2009

A Securities Docket post today tipped me off to this Reuters article discussing the enactment of “Italy’s first law establishing class actions.”  The law will take effect January 2010 and will apply only to conduct occuring after the law’s effective date.  At first, I wasn’t sure whether this April 1, 2008, ClassActionBlawg article announcing Italy’s first class action law was just very prescient or an April fool’s joke, but according to the Reuters article, “The law is part of the so-called development package promoted by Development Minister Claudio Scajola, which has been before parliament for nearly a year.”

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Economist David Gulley, Ph.D., of Navigant Consulting, has authored an informative white paper entitled Recent Trends in Rule 23 Class Certification Expert Analysis.  Dr. Gulley’s article explores the expanding role of experts and increased scrutiny over expert opinion testimony in class certification proceedings in light of recent federal appellate decisions placing renewed emphasis on the rigorous analysis standard.  See the Second Circuit’s opinion in In re IPO Securities Litigation and the Third Circuit’s opinion in In re Hydrogen Peroxide Antitrust Litigation.  The paper is a great resource for both class action attorneys and experts who are asked to testify in class certification proceedings.

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