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Results: 1-10 of 67

Court grants Daubert motion, excluding loss causation and damages opinions of plaintiffs’ expert
  • Alston & Bird LLP
  • USA
  • July 11 2008

In a recent decision, In re Xcelera.com Securities Litigation, No. 00-11649 (D. Mass. Apr. 25, 2008), Judge D.J. Zobel of the United States District Court for the District of Massachusetts was called upon to assess the testimony of a putative expert witness, Dr. Scott Hakala, tendered by the plaintiffs in a pending securities fraud class action


Office of Foreign Assets Control issues guidance regarding opening securities and futures accounts
  • Alston & Bird LLP
  • USA
  • December 1 2008

The Office of Foreign Assets Control (OFAC), the division of the Treasury Department responsible for administering and enforcing economic and trade sanctions based on U.S. foreign policy and national security, has released guidance regarding the opening of securities and futures accounts


SEC announces charges against corporate insiders for violating reporting obligations under the Exchange Act
  • Alston & Bird LLP
  • USA
  • September 19 2014

On September 10, 2014, the Securities and Exchange Commission (SEC) announced charges against 28 officers, directors and major shareholders for


Where the Rubber meets the road: Goodyear Tire agrees to pay $16 million to settle FCPA claims
  • Alston & Bird LLP
  • USA
  • March 2 2015

On February 24, 2015, the Securities and Exchange Commission (SEC) announced that it had entered into a settlement with Goodyear Tire & Rubber Co. to


First FCPA enforcement action of the year highlights government focus on high-risk industries and countries
  • Alston & Bird LLP
  • USA
  • March 8 2013

In the first Foreign Corrupt Practices Act (FCPA) enforcement action of the year, the Securities and Exchange Commission (SEC) announced on February


Second Circuit rules that state law consumer fraud class action brought by holders of debt securities was properly removed under CAFA
  • Alston & Bird LLP
  • USA
  • May 30 2008

In the recent decision, Pew v. Cardarelli, No. 06-5703-MV, 2008 WL 2042809, at 1 (2d Cir. May 13, 2008), the Second Circuit Court of Appeals held that a putative state law consumer fraud class action brought by the holders of certain debt instruments was properly removed to federal court under the Class Action Fairness Act of 2005 (“CAFA”), Pub.L. No. 109-2, 119 Stat. 4


Stoneridge prevents certification of claims against law firm
  • Alston & Bird LLP
  • USA
  • May 27 2008

While several courts have applied the Supreme Court’s decision on secondary actor liability in Stoneridge Investment Partners, LLC v. Scientific-Atlanta, Inc., 128 S. Ct. 761 (2008), to motions for dismissal or summary judgment, a recent opinion from the Eastern District of Pennsylvania demonstrates that this decision can also be useful to defendants facing motions to certify a class


Northern District of Georgia rules that allegations of accounting fraud fail under Tellabs standard
  • Alston & Bird LLP
  • USA
  • May 28 2008

In a recent securities fraud class action decision, Skubella v. CheckFree Corp., Civil Action No. 1:07-CV-796-TWT, 2008 WL 1902118 (N.D. Ga. Apr. 25, 2008), the U.S. District Court for the Northern District of Georgia granted the defendants’ motion to dismiss for failure to state a claim under the pleading requirements of the Private Securities Litigation Reform Act (the "Reform Act"


California victory for subprime lender in shareholder suit alleging systemic loan fraud
  • Alston & Bird LLP
  • USA
  • March 23 2009

On March 9, U.S. District Court Judge Andrew Guilford dismissed with prejudice a securities fraud complaint against Impac Mortgage Holdings, Inc., an Orange County lender that specialized in “low documentation loans.”


Supreme Court to clarify “inquiry notice” standard for securities fraud statute of limitations
  • Alston & Bird LLP
  • USA
  • July 7 2009

Last month, the Supreme Court granted certiorari to clarify the much-litigated issue of when plaintiffs are deemed to have "inquiry notice" of their claims sufficient to trigger running of the statute of limitations for federal securities fraud claims