Peter M. Saparoff

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Petition for Certiorari Asks Supreme Court to Clarify Whether the Federal Securities Laws Carry a Duty to Update

USA - February 14 2019 Last week, executives of the now-defunct biotechnology company, Orexigen, filed a petition for certiorari with the U.S. Supreme Court, seeking...

Ellen Shapiro, Joel D. Rothman.

Delaware Chancery Court Holds Corporations Cannot Enact Federal Forum Provisions To Bypass Cyan and Preclude State Courts from Hearing Securities Act Claims

USA - January 15 2019 In 2017, courts across this country were split on whether plaintiffs could assert a class action alleging claims under the Securities Act of 1933...

Ellen Shapiro, Joel D. Rothman.

Judge Rakoff Highlights the Financial Risk to Objectors of Class Settlements

USA - October 23 2018 On August 15, 2018, Judge Jed S. Rakoff of the U.S. District Court for the Southern District of New York awarded an objector to the Petrobras class...

Kevin C. Mortimer, Alain P. Mathieu, Ellen Shapiro, Joel D. Rothman.

U.S. District Court Holds that Certain Claims by Opt-Out Plaintiffs Are Barred by the Statute of Repose

USA - October 10 2018 In a recent ruling in In re: BP p.l.c. Securities Litigation the United States District Court for the Southern District of Texas dismissed claims...

Kevin C. Mortimer, Alain P. Mathieu, Ellen Shapiro, Joel D. Rothman.

Court Allows Volkswagen Bondholder Action to Proceed, But Expresses Doubts about the Plaintiff’s Ability to Certify a Class

USA - October 1 2018 As we previously noted in this post, the United States District Court for the Northern District of California dismissed the Volkswagen Bondholder...

Kevin C. Mortimer, Alain P. Mathieu, Ellen Shapiro, Joel D. Rothman.