‘Enforcement 40’ for 2020
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By Securities Docket on December 31, 2015, 10:46 am
A federal judge has certified two shareholder class actions accusing Facebook Inc of hiding concerns about its growth forecasts prior to the social media company’s May 2012 initial public offering. U.S. District Judge Robert Sweet in Manhattan said retail and institutional investors who claimed to lose money from buying Facebook shares at inflated prices in […]
By Securities Docket on February 26, 2013, 9:36 am
Court certifies class action by investors in four funds run by Fairfield but excludes investors in 25 countries.
By Securities Docket on June 12, 2012, 2:43 pm
Supreme Court agrees to hear case addressing whether securities plaintiffs must establish in class cert. petition that alleged misrepresentation was material.
By Securities Docket on May 25, 2012, 1:59 pm
Recent decision denies class certification where plaintiffs cannot establish defendant company’s shares trade on efficient market.
By Securities Docket on February 14, 2012, 1:42 pm
Court limits case to claims by purchasers of American Depositary Receipts.
By Securities Docket on February 7, 2012, 2:07 pm
Class action accuses BofA of fraudulently misleading shareholders about the 2008 takeover of Merrill Lynch & Co.
By Securities Docket on August 22, 2011, 2:08 pm
Class action lawyers are now faced with Second Circuit’s new “sub-class” requirement.
By Securities Docket on June 19, 2011, 1:06 pm
Judge Jed Rakoff certifies first class of MBS purchasers.
By Securities Docket on October 30, 2008, 11:15 am
On October 24, the US District Court for the Southern District of Florida certified a class in the securities litigation against MRT Holdings. The class certified consists of an estimated 600-1,200 investors and is defined as “all purchasers of investment contracts with MRT, LLC or MRT Holdings, LLC who purchased said investment contracts from March […]
By Securities Docket on October 3, 2008, 12:31 am
On September 26, 2008, Judge Nancy Gertner of the U.S. District Court for the District of Massachusetts granted lead plaintiff Bricklayers and Trowel Trades International Pension Fund’s Motion for Class Certification in In re Credit Suisse-AOL Securities Litigation. In granting the motion, Judge Gertner stated that The Court’s sole concern at class certification is whether […]