We use cookies to customise content for your subscription and for analytics.
If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.

Search results

Order by: most recent most popular relevance



Results: 1-10 of 128

Best Buy: First Appellate Decision Interpreting and Applying Halliburton II Rejects Class Certification Based Upon the Absence of “Front-End” Price Impact
  • Greenberg Traurig LLP
  • USA
  • April 15 2016

On April 12, 2016, the Eighth Circuit Court of Appeals in IBEW Local 98 Pension Fund v. Best Buy Co., Inc., et al., CV No. 14-3178, became the first


SEC issues its first whistleblower program award
  • Greenberg Traurig LLP
  • USA
  • August 23 2012

On August 21, 2012, the SEC announced its first whistleblower award payout of nearly $50,000 to a whistleblower who helped the agency halt a multi-million dollar fraud


Is the would-be arbitration claimant a brokerage firm “customer?” The Fourth Circuit says both “yes” and “no”
  • Greenberg Traurig LLP
  • USA
  • February 14 2013

It makes sense that a brokerage firm can only be forced to arbitrate claims by its customers for investment activity occurring at that brokerage firm


No broker-customer relationship absent a direct connection to investment-related services provided by the brokerage firm
  • Greenberg Traurig LLP
  • USA
  • August 14 2013

A Utah federal district court is the latest to join the chorus of opinions holding that a would-be arbitration claimant cannot proceed with a FINRA


In re Omnicom: Second Circuit issues stringent standard to establishing loss causation in securities fraud cases
  • Greenberg Traurig LLP
  • USA
  • April 30 2010

On March 9, 2010, the U.S. Court of Appeals for the Second Circuit issued a decision in In re Omnicom Group Inc. Securities Litigation, No. 08-612-cv, 2010 WL 774311 (2d Cir. March 9, 2010), in which the court continued to raise the bar for a securities fraud plaintiff to establish the “loss causation” element for Section 10(b) claims


U.S. District Court in Atlanta rules against the SEC in an insider trading case, describing the SEC's evidence as 'overreaching' and 'self-serving'
  • Greenberg Traurig LLP
  • USA
  • January 16 2014

The U.S. Securities and Exchange Commission (SEC) lost an insider trading case last week in federal court in the Northern District of Georgia. SEC v


Supreme Court preview: securities law cases on the docket
  • Greenberg Traurig LLP
  • USA
  • October 6 2009

With the arrival of the first Monday in October, the Supreme Court begins its new Term


Southern District of Florida holds Morrison v. Nat'l Australia Bank not limited to Exchange Act, also bars RICO claims
  • Greenberg Traurig LLP
  • USA
  • February 6 2012

In the recently-issued decision of Sorota v. Sosa, No. 11-80897-Civ, ---- F. Supp. 2d ----, 2012 WL 313530 (S.D. Fla. Jan. 31, 2012), the United States District Court for the Southern District of Florida held that Morrison v. Nat’l Australia Bank, Ltd., 130 S.Ct. 2869 (2010), extends beyond just Exchange Act cases, noting that in Morrison the Supreme Court reaffirmed the long-standing principle that “when a statute gives no clear indication of an extraterritorial application, it has none.”


ERISA fiduciary breach for failure to monitor fees leads to $35 million class action hit
  • Greenberg Traurig LLP
  • USA
  • June 28 2012

In the first class action over 401(k) fees to be tried and decided on its merits, a Missouri federal district court ruled in March that manufacturer ABB Inc. breached its Employee Retirement Income Security Act (ERISA) fiduciary duties


Solving a circuit splitter: Amgen in the high court
  • Greenberg Traurig LLP
  • USA
  • June 22 2012

Must a plaintiff in a securities fraud class action prove that the alleged misrepresentations or omissions are material in order to obtain class certification?