Web Watch: Best Blog Posts and Columns For the Week Ending Nov. 30

Here is the weekly summary for Securities Docket’s Web Watch (”This Week’s Best Blog Posts and Columns”):

  • DAVID I. MICHAELS, UNIV. OF ARKANSAS (Nov. 30, 2008): Empirical Study of Securities Litigation after WorldCom
    Paper concluding that there has been a statistically significant rise in Section 11 class action flings relative to Rule 10b-5 class action filings following WorldCom.
  • ROBERT STEINBACH, MD LAW REVIEW (Nov. 30, 2008): “Mere Thieves”
    Interesting paper offering a jurisprudential analysis under which “mere thieves” who trade on stolen confidential information are liable for insider trading.
  • THE 10B-5 DAILY (Nov. 27, 2008): Fees and Reforms
    A look at the billing of temp attorneys at high hourly rates in the Xerox securities class action.
  • THE RACE TO THE BOTTOM (Nov. 25, 2008): No Bright-line Test for “Foreign-Cubed” Securities Fraud Actions
    Noting that defendants did not get the bright-line test they argued for, but did receive the ruling they wanted.
  • THE D&O DIARY (Nov. 24, 2008): Will Investors “Opt Out” of Auction Rate Securities Settlements?
    Discussing whether investors that feel that the ARS settlements do not remedy their particular claimed harm may pursue individual litigation, effectively opting out of the regulatory settlements.