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Similar to class actions generally, exploring ethics issues in securities class action litigation (specifically fee-splitting), and how that affects settlement value for plaintiff investors
By Mason Lawlor | November 27, 2023
Dr. Ilia Kolochenko, chief architect at ImmuniWeb and an adjunct professor of cybersecurity and cyber law at Capitol Technology University, told Law.com that the increase of SEC filings by threat actors was expected due to the SEC's recent adoption of rules requiring companies to report attacks that could influence investment decisions.
3 minute read
By Dan Packel | November 27, 2023
As one of our Litigation Department of the Year finalists, Latham's focus on becoming a go-to litigation shop on the thorniest of issues has meant adding a breadth of skill sets that can aid clients through a modern-day approach to disputes.
5 minute read
By Jay A. Dubow, Joanna J. Cline and Milica Krnjaja | November 27, 2023
The settlement documents refer to a blow provision but note that the triggering percentage is not being disclosed. This is done to avoid publicizing the number of opt-outs to parties who may try to disrupt the settlement because knowledge of the number may give them more incentive to do so.
7 minute read
By Martin Flumenbaum and Brad S. Karp | November 21, 2023
In 'Krasner', the Second Circuit considered whether the securities-related exception to the federal jurisdiction conferred by CAFA prohibited removal to federal court of a class action alleging aiding and abetting the breach of fiduciary duties and tortious interference claims. This decision is another instance where the circuit has adopted an expansive interpretation of the exception.
7 minute read
By Colleen Murphy | November 20, 2023
Kenvue's brands with phenylephrine include Sudafed PE, Benadryl Allergy Plus Congestion, and Tylenol Sinus + Headache.
3 minute read
By Marianna Wharry | November 15, 2023
This complaint was first surfaced by Law.com Radar.
3 minute read
By John Coffee | November 15, 2023
On Sept. 29, 2023, the U.S. Supreme Court granted certiorari in 'Macquaire Infrastructure v. Moab Partners' to consider whether the failure to make disclosures required under Item 303 of the SEC's Regulation S-K can support an action for securities fraud under Rule 10b-5.
9 minute read
By Cassandre Coyer | November 13, 2023
Regulators from Ireland's Data Protection Commission and the Securities and Exchange Commission shared takeaways from their respective departments' recent enforcement actions, during Georgetown University Law Center's annual Advanced eDiscovery Institute conference last week.
5 minute read
By Stephanie Wilkins | November 10, 2023
DISCO, along with current CFO Michael Lafair and former CEO Kiwi Camara, were named in a class action complaint filed in New York State court alleging violations of federal securities laws for misleading investors following the company's IPO. This complaint was first surfaced by Law.com Radar.
4 minute read
By William Jay, Charles Brown, Daniel Roeser, Justin D. Ward and William Evans | November 8, 2023
In a follow-up to their article published in June, the authors discuss two questions raised but not fully answered in Slack: probabilistic pleading under Section 11 of the 1933 Act and the proper construction of Section 12 of the 1933 Act.
7 minute read
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