Last week, the court ordered that In re Copper Mountain Networks Securities Litigation, 01-70772, be heard the week of Feb. 11. The appeal challenges whether the presumption that the plaintiffs with the largest losses in a case should run the litigation can be rejected by a judge who does not like their fee agreement with their lawyer.
In deciding the case, the 9th Circuit could dictate the standards for the “rebuttable presumption” outlined in 1995′s Private Securities Litigation Reform Act.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
