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Securities Litigation Blog

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Second Circuit Affirms In Part And Vacates In Part Decision Dismissing Securities Class Action Against Insurance Company, Its Officers, Directors, Underwriters, And Outside Auditor

USA - September 6 2023 On August 23, 2023, the United States Court of Appeals for the Second Circuit affirmed in part and vacated in part an order dismissing a putative…

Southern District Of New York Dismisses Claims Against Cryptocurrency Platform Seeking To Hold It Liable Under The Securities Laws For Alleged Fraudulent Transactions On Its Platform

USA - September 6 2023 On August 29, 2023, Judge Katherine Polk Failla of the United States District Court for the Southern District of New York dismissed with prejudice a…

Southern District Of New York Grants Motion For Reconsideration And Motion To Dismiss Class Action Against Pharmaceutical And Cannabis Company

USA - September 6 2023 On August 21, 2023, Judge Paul A. Crotty of the United States District Court for the Southern District of New York granted a motion for…

Split Tenth Circuit Affirms Dismissal Of Exchange Act Claims Against Aerostructures Manufacturing Company And Its Executives, Finding Plaintiffs Did Not Adequately Plead Scienter

USA - September 6 2023 On August 21, 2023, the United States Court of Appeals for the Tenth Circuit affirmed dismissal of a consolidated putative class action alleging…

District Of New Jersey Dismisses Securities Fraud Claims Against Blockchain Support Company With Prejudice After Twice Granting Leave To Amend

USA - September 6 2023 On August 25, 2023, Judge Georgette Castner of the United States District Court for the District of New Jersey dismissed with prejudice a putative…

Ninth Circuit Revives Putative Class Action Against Computer Graphics Hardware Producer, Holding That Misleading Statements And Scienter Were Adequately Alleged

USA - September 6 2023 On August 25, 2023, a sharply divided panel of the United States Court of Appeals for the Ninth Circuit affirmed in part and reversed in part the…

Second Circuit Affirms District Court’s Decision Determining That Term Loan Notes Were Not “Securities” Subject To Securities Laws And Regulations

USA - September 6 2023 On August 24, 2023, the United States Court of Appeals for the Second Circuit affirmed a decision by the United States District Court for the…

Southern District Of New York Grants In Part And Denies In Part Motion To Dismiss Class Action Against Cryptocurrency Mining Company

USA - August 22 2023 On August 10, 2023, Judge Ronnie Abrams of the United States District Court for the Southern District of New York granted in part and denied in part…

Eleventh Circuit Affirms Dismissal Of Putative Class Action Against Direct-To-Consumer Marketing Company For Failure To Adequately Allege Scienter Or Scheme Liability

USA - August 16 2023 On August 8, 2023, the United States Court of Appeals for the Eleventh Circuit affirmed the dismissal of a putative class action asserting claims…

Second Circuit Decertifies Class In Long-Running Putative Class Action, Holding That Defendants Rebutted Presumption Of Reliance

USA - August 16 2023 On August 10, 2023, the United States Court of Appeals for the Second Circuit reversed the district court's class certification order in a putative…