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Big News in MBS Litigation: Second Circuit to Review Class Certification Rulings
Publication Date: 2011-04-29 Practice Area: Industry: Court: Judge: Attorneys: For plaintiff: For defendant: Case number:
Last January Manhattan federal district court judge Harold Baer denied class certification in two cases brought by purchasers of mortgage-backed securities. The purchasers had different levels of sophistication and knowledge about loan underwriting guidelines and practices, he found. In a case of first impression, the Second Circuit on Thursday granted an interlocutory review.
Pillsbury's New Leader Has Tough Act to Follow
Mary Cranston is stepping down after a raucous tenure as chair of Pillsbury Winthrop Shaw Pittman. Her replacement faces some challenges to keep the firm competitive.
No Private Damages Found Under SEC Takeover Rules
IN A DECISION of first impression, the U.S. Court of Appeals for the Second Circuit ruled yesterday that no private damages remedy exists for violations of a federal securities law designed to inform investors about the possibility of a hostile corporate takeover. Writing for a unanimous panel, Judge Guido Calabresi held in Hallwood Realty Partners LP v. Gotham Partners LP, 01-7246, that a failure to comply with �13(d) of the Securities and Exchange Act did not give rise to a claim for money damages. Rathe
Getting Fired: Don't Deal With the In-House Counsel and Deal With It Publicly?
Heaven forbid, IF you get fired, don't talk with the in-house counsel and deal with it in a public manner? Uh oh, that's not what an in-house lawyer wants to hear ...Trending Stories
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- 5How Attorney Titles in Big Law Can Mean Everything, and Nothing, All at Once
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