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September 22, 2023 | New Jersey Law Journal

'Virtually Identical' Class Action Claim Draws Ire From New Jersey Federal Judge

"It is somewhat ironic that this case involves schools," Chief U.S. District Judge Renée Marie Bumb wrote. "As schoolchildren, we learn about the importance of following the rules. Rules keep the classroom organized and running smoothly. We also learn that when we don't follow the rules, there are consequences."
5 minute read
September 20, 2023 | New York Law Journal

Bestselling Authors Challenge ChatGPT Developer OpenAI's Use of Their Work

"Game of Thrones" author George R.R. Martin and legal thriller writer John Grisham are among the plaintiffs in a lawsuit filed in Manhattan federal court.
4 minute read
September 14, 2023 | Delaware Law Weekly

Four Firms File Shareholder Suits Faulting Fox's 2020 Election Coverage

There are more than a dozen institutional shareholders and a handful of individuals who are pursuing claims against Fox and its directors in the Delaware court
3 minute read
September 14, 2023 | Delaware Business Court Insider

Major Pension Funds Are Going After Fox for Election Coverage Accountability

There are more than a dozen institutional shareholders and a handful of individuals who are pursuing claims against Fox and its directors in the Delaware court
3 minute read
September 14, 2023 | Delaware Business Court Insider

Suit Against Fox Corp. Alleges Company's Promotion of False 2020 Election Narrative Negligently Hurt Shareholders

This suit was surfaced by Law.com Radar. Read the complaint here.
2 minute read
Law Journal Press | Digital Book Wrongful Use of Civil Proceedings and Related Torts in Pennsylvania, Second Edition Authors: George Bochetto, David P. Heim, John A. O’Connell, Robert S. Tintner View this Book

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August 25, 2023 | The Recorder

Lieff Cabraser Reps Instacart Shoppers in Worker Misclassification Suit

This suit was surfaced by Law.com Radar. Read the complaint here.
1 minute read
Arkansas Teacher Ret. Sys. v. Goldman Sachs Group Inc.
Publication Date: 2023-08-23
Practice Area: Class Actions
Industry:
Court: U.S. Court of Appeals for the Second Circuit
Judge: Circuit Judge Richard C. Wesley
Attorneys:
For plaintiff: For Plaintiffs-Appellees: Kevin K. Russell, Goldstein & Russell, P.C., Bethesda, MD; Spencer A. Burkholz, Joseph D. Daley, Robbins Geller Rudman & Dowd LLP, San Diego, CA; Thomas A. Dubbs, James W. Johnson, Michael H. Rogers, Irina Vasilchenko, Labaton Sucharow LLP, New York, NY, on the brief, Thomas C. Goldstein, Goldstein & Russell, P.C., Bethesda, MD. For Defendants-Appellants: Richard H. Klapper, David M.J. Rein, Benjamin R. Walker, Julia A. Malkina, Jacob E. Cohen, Sullivan & Cromwell LLP, New York, NY; Morgan L. Ratner, Sullivan & Cromwell LLP, Washington, D.C., on the brief, Robert J. Giuffra, Jr., Sullivan & Cromwell LLP, New York, NY. For Defendants-Appellants: Audra J. Soloway, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY, on the brief, Kannon K. Shanmugam, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Washington D.C. For Amicus Curiae Former United States Securities and Exchange Commission Officials and Law Professors in Support of Defendants-Appellants: Todd G. Cosenza, Willkie Farr & Gallagher LLP, New York, NY.
For defendant: For Amicus Curiae Economic Scholars in Support of Defendants-Appellants: Victor L. Hou, Jared Gerber, on the brief, Carmine D. Boccuzzi, Jr., Cleary Gottlieb Steen & Hamilton LLP, New York, NY. For Amicus Curiae Securities Industry and Financial Markets Association, Bank Policy Institute, American Bankers Association, Chamber of Commerce of the United States of America, American Property Casualty Insurance Association in Support of Defendants-Appellants: Craig S. Waldman, Joshua C. Polster, Daniel H. Owsley, Simpson Thacher & Bartlett LLP, New York, NY; Ira D. Hammerman, Kevin Carroll, Securities Industry and Financial Markets Association, Washington, D.C.; Thomas Pinder, American Bankers Association, Washington, D.C.; Gregg Rozansky, Bank Policy Institute, Washington, D.C.; Tyler S. Badgley, U.S. Chamber Litigation Center, Washington, D.C.; Kenneth Stoller, American Property Casualty Insurance Association, Washington, D.C., on the brief, Jonathan K. Youngwood, Simpson Thacher & Bartlett LLP, New York, NY. For Amicus Curiae Society for Corporate Governance in Support of Defendants-Appellants: Jeremy C. Marwell, James T. Dawson, Vinson & Elkins LLP, Washington, D.C.; Darla C. Stuckey, Randi V. Morrison, Society for Corporate Governance, New York, NY, on the brief, Christopher E. Duffy, Vinson & Elkins LLP, New York, NY. For Amicus Curiae Washington Legal Foundation in Support of Defendants-Appellants: George Anhang, Shearman & Sterling LLP, Washington, D.C.; William Marsh, Shearman & Sterling LLP, Dallas, TX; Cory L. Andrews, John M. Masslon II, Washington Legal Foundation, Washington, D.C., on the brief, Lyle Roberts, Shearman & Sterling LLP, Washington, D.C. For Amicus Curiae Financial Economists in Support of Plaintiffs-Appellees: Jeremy Lieberman, Emma Gilmore, Pomerantz LLP, New York, NY; Andrew L. Zivitz, Kessler Topaz Meltzer & Check, LLP, Radnor, PA; Stacey M. Kaplan, Kessler Topaz Meltzer & Check, LLP, San Fransisco, CA, on the brief, Ernest A. Young, Apex, NC. For Amicus Curiae Securities Law Scholars in Support of Plaintiffs-Appellees: Linnet R. Davis-Stermitz, Gupta Wessler PLLC, Washington, D.C.; Salvatore J. Graziano, Jai K. Chandrasekhar, Bernstein Litowitz Berger & Grossmann LLP, New York, NY; Joseph E. White, III, Saxena White P.A., Boca Raton, FL, on the brief, Deepak Gupta, Gupta Wessler PLLC, Washington, D.C. For Amicus Curiae Better Markets, Inc. in Support of Plaintiffs-Appellees: John Paul Schnapper-Casteras, Schnapper-Casteras PLLC, Washington, D.C. For Amicus Curiae Former SEC Officials in Support of Plaintiffs-Appellees: John Paul Schnapper-Casteras, Schnapper-Casteras PLLC, Washington, D.C.; Daniel P. Chiplock, Lieff Cabraser Heimann & Bernstein, LLP, New York, NY, on the brief, Carolyn E. Shapiro, Schnapper-Casteras PLLC, Washington, D.C.
Case number: 22-484

Misrepresentations Did Not Impact Stock Price; Shareholder Class Decertified

August 08, 2023 | New York Law Journal

New York Legal Award Honorees Selected for 2023

The full list of our honorees, including Lifetime Achievement Award Winners, Distinguished Leaders, Diversity Initiative Winners, In-House Impact Winners, Innovation Award Winners, Litigation Departments of the Year, Dealmakers of the Year, Rising Stars and the finalists for Attorney of the Year.
6 minute read
July 14, 2023 | National Law Journal

Celebrating Outstanding Achievements: The 2023 Elite Trial Lawyers

The National Law Journal is proud to recognize professional excellence in plaintiffs litigation as well as lifetime achievements and diversity and inclusion initiatives. For the first time, the Elite Trial Lawyers awards also included The Plaintiffs Firm of the Year.
5 minute read
July 13, 2023 | Corporate Counsel

Tech Firms Slow to Ditch 'Stack Ranking,' Despite Evidence It Saps Worker Morale, Productivity

The employee-review system, which results in 10% of workers being classified as low performers, has appeal in the analytically inclined tech industry. But critics say it invites arbitrary judgments and bias.
4 minute read

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