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'Collective Scienter': Nixed by Second Circuit in 'Dynex'?
Robert Malionek, a partner at Latham & Watkins, and Joseph Salama, an associate of the firm, write that perhaps the Second Circuit will make a more direct pronouncement on the "collective conduct" theory in a case that presents it more squarely - where, unlike in Dynex, a plaintiff actually pleads scienter sufficiently as to an individual other than one alleged to have made the misstatements. If such a case does come along, all signs point in favor of the defendant prevailing.MDL Panel: 'Traffic Cop' Seeing Its Power Grow
A federal panel whose members are handpicked by the chief justice of the United States to consolidate federal civil cases for discovery is playing an increasingly influential role in how and where large numbers of complex civil cases are litigated throughout the country. For some, a key question about the panel is: Who is minding the store? One concern is the puzzling court assignments when parties can't agree on a forum; one attorney says the panel sometimes decides to "ship 'em to Mars."After a federal judge refused to certify an economic damages class, he granted a motion to enjoin certification of a similar state court class in West Virginia. On Tuesday, despite cries of unfairness by the state court plaintiffs, the Eight Circuit upheld the injunction.
Without ever filing a suit or an arbitration claim, the Washington, D.C., plaintiffs antitrust lawyer has reached a deal on behalf of international claimants that he says could result in hundreds of millions of dollars in recovery. Is Hausfeld on the way to realizing his dream of a global plaintiffs firm?
Texas Supreme Court Decertifies Nationwide Class
The Texas Supreme Court has decertified a nationwide class of some 20,000 dentists who sued a software supplier, saying that an appellate court failed to hold the trial court's certification order to the standard set in Southwest Refining Co. v. Bernal. The court of appeals correctly stated the law established by the Texas Supreme Court's Bernal ruling but misapplied it, the majority said.No More 'Chalets': Legal Marketing Now Focuses on Building Business
Law firms are rethinking their approach to sponsorships of everything from golf trips and charity events to arts groups and industry conferences. Amid the harsh economy, they are trying to focus on events that offer the best opportunity to generate business.Cite as: Velez v. Sanchez, 04-CV-4797 (FB) (CLP), NYLJ 1202475782703, at *1 (EDNY, Decided November 30, 2010)District Judge Frederic Blockp class="decided"
First Vioxx fight: where to litigate
The arthritis drug Vioxx and its manufacturer, Merck & Co., are almost certainly heading to an MDL court. The questions are: Where will it be, and who will be class counsel?A Buyer's Guide to Law Firm Software
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