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Join the Securities Litigation and Enforcement Group on LinkedInFacebook must face shareholder class actions over IPO | Reuters
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 […]
Judge certifies Madoff feed fund class action
Court certifies class action by investors in four funds run by Fairfield but excludes investors in 25 countries.
Supreme Court Grants Cert in Amgen Securities Suit
Supreme Court agrees to hear case addressing whether securities plaintiffs must establish in class cert. petition that alleged misrepresentation was material.
Class Certification Denied in Securities Suit Against U.S.-Listed Chinese Company — The D & O Diary
Recent decision denies class certification where plaintiffs cannot establish defendant company’s shares trade on efficient market.
Judge Guts BP Securities Class Action But Allows Some Claims to Proceed
Court limits case to claims by purchasers of American Depositary Receipts.
BofA investor lawsuit wins class-action status
Class action accuses BofA of fraudulently misleading shareholders about the 2008 takeover of Merrill Lynch & Co.
Second Circuit Says Subclasses Need Their Own Attorneys
Class action lawyers are now faced with Second Circuit’s new “sub-class” requirement.
Judge Rakoff certifies MBS investor class in $16 bn Merrill case
Judge Jed Rakoff certifies first class of MBS purchasers.
Class Certified in MRT Holdings Securities Litigation
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 […]
Court Grants Motion for Class Certification in In re Credit Suisse-AOL Securities Litigation
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 […]