Daily Archives: December 1, 2008, 11:59 pm

Securities Docket News Wire for Dec. 1, 2008

SDNY dismisses Vodafone securities class action for lack of subject matter jurisdiction. http://is.gd/9PvA Ruling on FCPA’s “local-law defense” narrows scope of the defense, leaving FCPA defendants with even fewer options. http://is.gd/9LoJ # AmLaw: Under “wildly generous corporate indemnification provisions,” defense counsel need not worry about getting paid. http://is.gd/9IuC #

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Securities Litigators John Casey, Brian Glennon, Matthew Harrison and Kevin Metz Among Newly-Elected Partners at Latham & Watkins

Four securities litigators have been elected to partnership at Latham & Watkins.  The firm announced on November 19, 2008 that John Casey (Chicago office), Brian Glennon (Los Angeles office), Matthew Harrison (San Francisco office) and Kevin Metz (DC office) were among 30 attorneys elected to partnership, effective January 1, 2009. Read the announcement from Latham & Watkins

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SDNY Dismisses Vodafone Securities Class Action for Lack of Subject Matter Jurisdiction

On November 24, 2008, Judge P. Kevin Castel of the SDNY dismissed the securities class action against Vodafone for lack of subject matter jurisdiction.  The court relied heavily on the recent Morrison v. National Australia Bank case (discussed here previously), which requires that a court must “identify which action or actions constituted the fraud and directly caused harm … and…

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David Burns Elected as Partner at Gibson Dunn & Crutcher

David Burns has been elected as a partner at Gibson Dunn, the law firm announced today.  Burns, a former AUSA in the Southern District of New York who is resident in Gibson Dunn’s DC office, focuses his practice on white-collar criminal defense, internal investigations, regulatory enforcement and litigation matters.  He is among 13 attorneys elected as partners effective January 1,…

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UK: “No Lear Jets” for UK Trial Lawyers

The Times Online has an interesting interview with David Greene (pictured), a partner at Edwin Coe who has the rare distinction of having handled shareholder claims in the UK for 15 years.  Among the highlights of the interview are Coe’s insights on proposals now being made in the UK regarding group actions, the current rejection of the American class action…

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Charles De Monaco and Kimberly Behling Join Fox Rothschild in Pittsburgh Office

Charles De Monaco and Kimberly Behling have joined Fox Rothschild as partners in its Pittsburgh office.  Both were previously shareholders of Dickie McCamey & Chilcote.  DeMonaco and Behling focus their practices on securities and environmental litigation, as well as corporate compliance and white collar crime. De Monaco is a former AUSA and Department of Justice lawyer, and was lead counsel…

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