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Securities Litigation Blog

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Southern District Of New York Dismisses Putative Class Action Against Online Sports Gaming Company For Failure To Allege Actionable Misrepresentations Or Scienter

USA - January 18 2023 On January 10, 2023, Judge Paul Engelmayer of the United States District Court for the Southern District of New York dismissed with prejudice a…

Supreme Court Considers Test For Application Of Attorney-Client Privilege To So-Called “Dual-Purpose” Communications

USA - January 18 2023 On January 9, 2023, the United States Supreme Court heard oral argument in In re Grand Jury, No. 21-1397, a case with potentially far-reaching…

Northern District Of California Holds That SPAC Investors Have Standing To Sue Regarding Alleged Misstatements About A Different Entity, But Dismisses Putative Class Action For Failure To Allege Material Misstatements

USA - January 18 2023 On January 11, 2023, the United States District Court for the Northern District of California dismissed a putative class action asserting claims…

Ninth Circuit Holds That Complaint Sufficiently Alleged Company Was “Statutory Seller” Under Section 12(a)(2) Based On Social Media Videos Even Though Plaintiff Was Not Specifically Solicited

USA - January 12 2023 On December 21, 2022, the United States Court of Appeals for the Ninth Circuit affirmed in part and denied in part the dismissal of a purported class…

Southern District Of New York Grants Summary Judgment To Pharmaceutical Company In Investor Class Action

USA - December 20 2022 On December 12, 2022, Judge Colleen McMahon of the United States District Court for the Southern District of New York granted summary judgment to a…

Western District Of Washington Largely Declines To Dismiss Putative Class Action Against Online Real Estate Listing Company

USA - December 13 2022 On December 7, 2022, the United States District Court for the Western District of Washington largely denied a motion to dismiss a putative class…

Southern District Of New York Dismisses Putative Class Action Against Beverage Manufacturer For Failure To Adequately Allege Misrepresentations

USA - December 13 2022 On December 5, 2022, Judge Denise Cote of the United States District Court for the Southern District of New York dismissed a putative class action…

Fourth Circuit Affirms Dismissal Of Suit Against Online Education Platform

USA - December 13 2022 On November 22, 2022, the United States Court of Appeals for the Fourth Circuit affirmed the dismissal of a putative class action against an online…

Eastern District Of New York Court Grants In Part Motion To Dismiss Putative Securities Class Action Brought Against Space Exploration Company

USA - November 15 2022 On November 7, 2022, Judge Allyne R. Ross of the United States District Court for the Eastern District of New York granted in part a motion to…