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Fees and Reforms - (1) Fee requests have been in the news. Last week it was the court's decision to sharply reduce the requested fees and expenses in the Coca-Cola securities class action. This week it is the billing of temp attorneys at high ...
Feed Source: www.the10b-5daily.com

Litigation On $300 A Night - The Coca-Cola securities class action continues to make news. After the "sale of stolen company documents" controversy, the case was settled earlier this year for $137.5 million. The Fulton County Daily Report has an article on the court's decision to ...
Feed Source: www.the10b-5daily.com

No Longer Good Law - As discussed in The 10b-5 Daily before, whether the Tellabs decision on pleading scienter (i.e., fraudulent intent) can best be described as a victory for plaintiffs or defendants has to be evaluated on a circuit-by-circuit basis. In the U.S. Court ...
Feed Source: www.the10b-5daily.com

Incomplete Peace - When only some of the defendants settle a securities class action, the extent to which they can avoid related litigation with non-settling defendants through the imposition of a judicial bar order is limited. In In re Heritage Bond Litig., 2008 ...
Feed Source: www.the10b-5daily.com

Around The Web - A couple of items from around the web: (1) The New York Law Journal has a column (Nov. 5 edition - subscrip. req'd) on loss causation and class certification. The authors argue that although the Oscar (5th Circuit) and Salomon ...
Feed Source: www.the10b-5daily.com

Accredo Health Settles - Accredo Health, Inc., a wholly-owned subsidiary of Medco Health Solutions, Inc. (NYSE: MHS), has reached a preliminary settlement of the securities class action pending against it in the W.D. of Tennessee. The case, originally filed in April 2003, stems from ...
Feed Source: www.the10b-5daily.com

Out In Left Field - Will the next U.S. Supreme Court securities case be about the statute of limitations? It is a strong possibility, given that the Court has asked the Solicitor General to weigh in on the cert petition filed in a Ninth Circuit ...
Feed Source: www.the10b-5daily.com

Potential IPO Allocation Cases Settlement - The Wall Street Journal reports that there may be a settlement in the IPO allocation cases. Although it is not entirely clear from the press coverage, it appears that the parties are contemplating a global settlement (including issuers and underwriters) ...
Feed Source: www.the10b-5daily.com

No Safe Haven - "Foreign-cubed" cases are actions brought against a foreign issuer, on behalf of a class that includes not only investors who purchased the securities in question on a U.S. securities exchange, but also foreign investors who purchased the securities on a ...
Feed Source: www.the10b-5daily.com

Installing Tellabs - The latest application of the Tellabs decision on the pleading of scienter (i.e., fraudulent intent) comes from the U.S. Court of Appeals for the Eleventh Circuit. In Mizzaro v. Home Depot, Inc., 2008 WL 4498940 (11th Cir. Oct. 8, 2008), ...
Feed Source: www.the10b-5daily.com

An Ounce of Prevention - Centene Corporation requires all insider stock transactions by its senior executives to be executed under pre-authorized Rule 10b5-1 stock trading plans. That policy turns out to have been helpful in obtaining the dismissal of a securities class action against the ...
Feed Source: www.the10b-5daily.com

Pritchard's Proposal - Securities Docket has an interview with Professor Adam Pritchard (U. Mich. Law) on his proposal that corporations opt-out of the current securities class action system by limiting potential investor damages to the disgorgement of the defendants' gains. The post also ...
Feed Source: www.the10b-5daily.com

Bridgestone Settles - Bridgestone Corp. (PINKSHEETS: BRDCF), a Japanese tire manufacturer, has reached a settlement in the securities class action pending against it in the M.D. of Tennessee. The case, originally filed in January 2001, stems from allegations that Bridgestone disseminated false and ...
Feed Source: www.the10b-5daily.com

The Battle of the Acronyms - As a general matter, claims under the Securities Act of 1933 ("'33 Act") may be brought in federal or state court. Some federal courts, however, have held that the Securities Litigation Uniform Standards Act of 1998 ("SLUSA") creates a removal ...
Feed Source: www.the10b-5daily.com

Is That All There Is? - One of the most convoluted securities class actions ever may finally have come to an end (barring a successful appeal). The court has declined to certify the class in the case pending against Halliburton in the N.D. of Texas since ...
Feed Source: www.the10b-5daily.com

Litigation News Now Available - www.litigationnews.org - News, Analysis & Publications from the ABA Section of Litigation in a fresh new layout....
Feed Source: www.litigationnews.org

New Award Sponsord by Navigant Consulting - The Section of Litigation Diversity Leadership Award was established in 2008 to recognize those individuals or entities who have demonstrated a commitment to promoting full and equal participation in the legal profession through the encouragement and inclusion of women, minorities, persons with disabilities, and/or persons of differing sexual orientations and gender identities....
Feed Source: www.abanet.org

Nominations Open for John Minor Wisdom Award - The Section of Litigation has announced that it is accepting nominations for the 2009 John Minor Wisdom Public Service and Professionalism Award through November 14, 2008. Recipients of the Wisdom Awards have made outstanding contributions to the quality of justice in their communities, ensuring that the legal system is open and available to all....
Feed Source: www.abanet.org

TeleConference: Identifying and Addressing Ethical Dilemmas Confronting Trial Lawyers - November 11, 2008: Professor Susan Martyn and practicing lawyer Lawrence Fox will discuss a variety of common ethics issues, and the steps you can take to handle them successfully....
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