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New Jersey Law Journal

Saul Ewing Attorneys to Defend AI Pharma-Tech Company in Securities Class Action

Saul Ewing's Sarah A. Sullivan and Alexander Lee Callo in Newark have recently entered appearances on behalf of an artificial intelligence-driven pharma-tech company sued in a pending securities class action.
4 minute read

Law.com

Report: Securities Fraud Losses Claimed Balloon in First Half of 2024

The report from securities litigation data analytics company SAR attributes the rise not to a greater number of SEC Rule 10b-5 complaints being filed in the federal courts, but to drops in stock prices growing larger.
3 minute read

The Legal Intelligencer

Eckert Seamans' $45M Settlement Over Ponzi Scheme Entanglement in Doubt After SCOTUS Scraps Purdue Pharma Deal

"The Supreme Court in Harrington made it clear that federal courts can no longer 'look the other way' and issue such free passes to mass tortfeasors such as Eckert who refuse to place their assets on the settlement negotiation table," argued attorney George Bochetto.
6 minute read

National Law Journal

Views From Two Trenches: Supreme Court Limits SEC's Ability to Use Internal Proceedings

Without its home-court advantage, the SEC will have to litigate its cases in federal court—a process that is more complex and resource-intensive. But the SEC has been preparing for this eventuality for years.
9 minute read

The Legal Intelligencer

Judge Approves $51M Settlement in Shareholder Suit Against Medical Equipment Company

The settlement includes $12.7 million in attorney fees for the plaintiffs' lead counsel.
3 minute read

The Recorder

Who Got the Work: Latham & Watkins Set to Defend Prescription Drug Tracker in Shareholder Lawsuit

The Brown Law Firm in New York, filed the derivative lawsuit. The case was assigned to U.S. District Judge André Birotte Jr.
5 minute read

New York Law Journal

Supreme Court Radically Shifts Landscape for Administrative Enforcement

Milbank partners George Canellos and Tawfiq Rangwala and special counsel John Hughes discuss the real-world impact that "SEC v. Jarkesy" will have on SEC enforcement.
11 minute read

The Recorder

Who Got the Work: Fenwick and West to Steer Defense in Securities Class Action Against Vaccine Maker Gritstone

A complaint filed on June 17 by Pomerantz in the California Northern District Court alleged that Gritstone bio Inc., which develops vaccines and immunotherapies for cancer and infectious diseases, misled investors about the timeline of a proposed COVID-19 vaccine study in earnings calls, news releases and U.S. Securities and Exchange Commission filings.
4 minute read

The Recorder

McDermott Picks Up Latham Securities Litigation Co-Chair in LA

Brian Glennon joins the firm as a partner in Los Angeles.
3 minute read

National Law Journal

SEC Should Engage Public When Proposing Rules That Exceed Agency Expertise, Former Chair Says

"You need to be more and more careful about engagement the further afield from your expertise the rulemaking is," Jay Clayton said.
3 minute read

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