Validity of FINRA prohibition of class action waivers: update *

USA - May 17 2012
This is an update on developments in and implications of Charles Schwab & Co., Inc.'s (Schwab) litigation with the Financial Industry Regulatory Authority (FINRA) concerning FINRA attempt to prohibit financial industry participants from adding mutual class action waivers into agreements with their customers.

Co-authors: Charles A. Newman, Sandra D. Hauser, Joel D. Siegel.

New York Appellate Division addresses litigation hold trigger and document preservation standards *

USA - February 16 2012
The New York Supreme Court, Appellate Division’s opinion in Voom HD Holdings LLC v. EchoStar Satellite LLC,–N.Y. S. 2d–, 2012 WL 265833 (N.Y.A.D. 1st Dept. Jan. 31, 2012) is a significant electronic discovery decision that warrants the attention of any enterprise doing business in New York.

Co-authors: Corey M. Shapiro.