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Legal ethics issues affecting funding of class actions, how funding affects ability to bring class actions and implications for settlement values
By Riley Brennan | March 28, 2024
"It seems likely that the bump in the price of Sorrento's stock in the week of May 15 provided it with more revenue from its agreement with Anarki to purchase stock, but Zenoff does not allege any particular improper or inflated sales. Indeed, as defendants note, Zenoff identifies no individual stock sales at all," Judge Consuelo Callahan wrote on behalf of the court.
5 minute read
By Maria Dinzeo | March 28, 2024
Chief Legal Affairs Officer Kevin Rhodes "drove actions to reduce risk and uncertainty through reduced exposure to litigation and regulatory risk," 3M's compensation committee says in the company's newly filed proxy statement.
2 minute read
By Lisa Willis | March 28, 2024
"If you talk to Bank of America about why they did it, you can't really get a consistent explanation for that," class attorney Neil R. Anapol said.
6 minute read
By Riley Brennan | March 26, 2024
"Given that all class members encountered the same misrepresentation about Potential Reach—the nucleus of the fraud—the slight variations in the other information available on the Ads Manager did not defeat the commonality of the misrepresentation," Judge Sidney R. Thomas said.
5 minute read
By Charles Toutant | March 25, 2024
Like the U.S. Justice Department suit, the consumer class actions claim Apple engages in exclusionary conduct to shut competitors out of the markets for revenue from areas such as its App Store, Apple Pay and music streaming.
4 minute read
By Riley Brennan | March 22, 2024
This complaint was first surfaced by Law.com Radar.
3 minute read
By Mason Lawlor | March 22, 2024
"Our clients do have considerable experience with their engineering background, and they were targeted and recruited from these universities in Mexico, but the American workers that are working alongside them obviously don't have an engineering degree and oftentimes don't have a college degree," Rachel Berlin Benjamin of Beal Sutherland Berlin & Brown in Atlanta, told the Daily Report.
4 minute read
By Ross Todd | March 22, 2024
The National Association of Realtors agreed to changes that could trim the commissions paid to agents as part of the deal reached with co-lead counsel at Ketchmark and McCreight, Boulware Law, Williams Dirks Dameron, Hagens Berman, Cohen Milstein, and Susman Godfrey.
7 minute read
By Amanda Bronstad | March 21, 2024
Jeff Kray, of Marten Law in Seattle, accused of holding up DuPont's $1.19 billion water contamination settlement, called class counsel's sanctions motion an "intimidation tactic" based on a "fantastical conspiracy theory."
5 minute read
By Ross Todd | March 21, 2024
Kirkland & Ellis partners and recent Litigator of the Week runners-up Dan Donovan, Ragan Naresh and Anna Rotman discuss the value of learning clients' business goals and partnering with other firms across the country.
6 minute read
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