‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInThis is weird: Securities class action defendant wants to block lead counsel appointment
Defendants aren’t supposed to pick a dog in the lead counsel fight. Sure, if there are parallel cases in different jurisdictions they can manipulate the outcome by negotiating a settlement with one set of plaintiffs’ lawyers instead of another, effectively preempting the lead counsel selection process. But I can’t remember ever seeing a defendant in […]
Lead Plaintiffs and Their Lawyers: Mission Accomplished, or More to Be Done? by Stephen J. Choi, Adam C. Pritchard :: SSRN
This chapter, written for the Research Handbook on Shareholder Litigation, surveys empirical work studying the lead plaintiff provision of the Private Securities Litigation Reform Act (PSLRA). That work finds that the lead plaintiff provision has encouraged institutional investors to participate in securities class actions, and that those institutional investors have negotiated lower attorneys’ fees. Those […]
US judge names lead plaintiffs in Facebook IPO litigation
Law firms Bernstein Litowitz Berger & Grossmann and Labaton Sucharow named as lead counsel.
In Diamond case, judge appoints MissPERS — but not its lawyers
Court denies motion arguing MissPERS exceeded statutory limit for lead counsel appointments.
Diamond Foods: Is Miss. pension fund a professional plaintiff?
Competing lead plaintiff says fund has been a lead plaintiff in “as many as 16” cases in the last three years.
‘Epic Failure’: After Six Years of Litigation, ‘Phantom’ Lead Plaintiff Dismissed From Case
“Phantom” lead plaintiff never actually purchased any of the securities at issue in the case.
New York Will Seek Lead Plaintiff Status in BP Securities Litigation
NY State Common Retirement Fund held 19 million shares of BP.
Galleon Dismissed as Lead Plaintiff in Herley Industries Securities Class Action
Galleon dismissed and replaced as lead plaintiff.
Lead Plaintiff in Herley Industries: Galleon Management
Galleon Management had been recently affirmed as lead plaintiff in Herley case.
Court Consolidates Reserve Primary Cases, Names Bernstein Litowitz Lead Counsel
Court also appoints Third Avenue Institutional International Value Fund LP as lead plaintiff.