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Securities Litigation Blog

Articles: 1-10 of 409

Central District Of California Denies Certification Of Proposed Class Of Unsponsored ADR Purchasers For Lack Of Typicality

USA - January 19 2022 On January 7, 2022, Judge Dean D. Pregerson of the U.S. District Court for the Central District of California denied plaintiffs’ motion for class…

Seventh Circuit Rules Aerospace Company Cannot Use Bylaws To Avoid Federal Securities Claims

USA - January 19 2022 On January 7, 2022, a split panel of the United States Court of Appeals for the Seventh Circuit reversed the dismissal of claims under Section 14(a)…

Northern District Of California Dismisses Putative Class Action Against Social Media Company For Failure To Adequately Allege Scienter, Loss Causation

USA - January 11 2022 On December 20, 2021, the United States District Court for the Northern District of California dismissed a putative class action against a social…

First Circuit Revives Putative Class Action Against Software Company

USA - January 11 2022 On December 22, 2021, the United States Court of Appeals for the First Circuit reversed the dismissal of a putative class action asserting claims…

All New York County Federal Securities Act Cases Assigned To Justice Andrew Borrok

USA - January 11 2022 On December 30, 2021, the Administrative Judge for the civil branch of the New York Supreme Court, New York County, issued an administrative order…

Northern District Of California Declines To Dismiss Putative Class Action Against Biotechnology Company Because Challenged Statements, Even If “Literally True,” Could Have Misled A Reasonable Investor

USA - January 11 2022 On December 22, 2021, the United States District Court for the Northern District of California declined to dismiss most of the claims asserted in a…

Second Circuit Revives Putative Class Action, Finding Material Misstatements Adequately Alleged In Connection With Going-Private Transaction

USA - December 8 2021 On November 24, 2021, the United States Court of Appeals for the Second Circuit vacated the dismissal of a putative class action asserting claims…

Fourth Circuit Affirms Dismissal Of Putative Class Action For Failure To Adequately Allege Scienter

USA - December 8 2021 On December 1, 2021, the United States Court of Appeals for the Fourth Circuit affirmed the dismissal of a putative class action asserting claims…

District Of Delaware Dismisses Suit Against Wireless Technology Company For Failure To Plead Actionable Misstatement

USA - November 24 2021 On November 15, 2021, Judge Richard G. Andrews of the United States District Court for the District of Delaware dismissed a derivative suit against a…

Oregon District Court Grants Summary Judgment For Defendants Upon Motion For Reconsideration In Putative Class Action

USA - June 2 2021 On May 24, 2021, United States Magistrate Judge Stacie F. Beckerman of the United States District Court for the District of Oregon granted summary…