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Eversheds Sutherland (US) LLP | USA | 10 May 2022
DAO members may be jointly and severally liable for $55 million crypto theft
On May 2, 2022, a putative class action was filed against a decentralized autonomous organization (DAO) and its members seeking to recover $55…
Borden Ladner Gervais LLP | Canada | 6 May 2022
Mandatory dismissal provision in Ontario’s Class Proceedings Act gets new judicial gloss
On April 26, 2022, two decisions interpreting the new mandatory dismissal for delay provision in section 29.1 of Ontario’s Class Proceedings Act…
Skadden Arps Slate Meagher & Flom LLP | United Kingdom | 4 May 2022
UK Class Actions: FX Decision Shows That the CAT Is Willing To Strike Out Poorly Pleaded Claims and Deny Opt-Out Certification
Any appeal by class claimants will be closely watched. Following the Supreme Court’s Merricks judgment, class claims are generally permitted where…
Herbert Smith Freehills LLP | European Union | 28 Apr 2022
Preparémonos para una nueva oleada de demandas colectivas a nivel europeo tras la directiva de acciones de representación
A pesar de los temores sobre la posible importación de la cultura de litigación americana, la Unión Europea (UE) ha dado un importante paso para…
Loyens & Loeff | USA | 21 Apr 2022
News Flash - Class Action SPAC Litigation in the Netherlands
A notable trend pushing IPO activity in end 2020 and throughout 2021 was the rise in popularity of special purpose acquisition companies, or ‘SPACs’…
Nishimura & Asahi | Japan | 15 Apr 2022
The 2022 Bill to Amend the Japanese Quasi Class Action System
On March 1, 2022, the Japanese Consumers Affairs Agency submitted a bill for deliberation which would amend the Japanese Act on Special Measures…
Cornwalls | Australia | 11 Apr 2022
Earnings guidance provides Australia’s first successful securities class action
Earnings guidance is a difficult topic for public listed companies. ASX devotes 25 pages of Guidance Note 8 (continuous disclosure) to earnings…
Maurice Wutscher LLP | USA | 11 Apr 2022
Mass. SJC Holds Attorney for Deceased Named Putative Class Plaintiff Could Not Act for Putative Class
The Massachusetts Supreme Judicial Court, the State’s highest court, recently held that (1) the attorney for a named putative class plaintiff who is…
Robinson & Cole LLP | USA | 7 Apr 2022
Crypto Wallet Data Breach Leads to Class Action Litigation
Plaintiffs filed suit in the District Court for the District of Delaware against Shopify Inc. and TaskUs Inc., alleging that the companies failed to…
Corrs Chambers Westgarth | Australia | 24 Mar 2022
Top 10 class action predictions for 2022
The pace of change in the Australian class action environment has accelerated in recent years and we expect this will continue, with the regime…
