Yesterday afternoon, the CFPB issued a final rule that, once it becomes effective, is designed to prohibit providers of certain consumer financial products or services from using pre-disp...
On July 7, 2017, the United States Court of Appeals for the Second Circuit vacated parts of the District Courtβs class certification order in In re Petrobras Securities Litigation (βP...
Decision Yesterday and Two Denials of Certiorari Today Decline to Apply American Pipe Tolling to Statutes of Repose Under Both the β33 Act and β34 Act
On June 26, 2017, the United St...
On January 4, the U.S. Federal District Court for the Northern District of California issued a decision in a case brought by shareholders against Volkswagen arising out of the well-public...
Life sciences companies are frequent targets of securities litigation. Often, when a company discloses bad news about a developing device or drug, the companyβs stock price drops and pl...
Not surprisingly, the many media and political reactions to the PHH Corp. v. CFPB decision have reflected the competing stakeholder interests around every aspect of the CFPB.In this memor...
Today, the Ninth Circuit issued an opinion in SEC v. Jensen. The court held that Rule 13a-14 of the Securities Exchange Act confirms that the SEC has a cause of action against CEOs and C...
On June 9, 2016, New Yorkβs highest court issued an important decision on the βcommon interest doctrine,β limiting the circumstances in which parties with common legal interests may...
On June 1, 2016, the United States Court of Appeals for the Second Circuit held that federal courts do not have jurisdiction to hear constitutional challenges to ongoing Securities and Ex...
The United States Court of Appeals for the Second Circuit issued its long-awaited decision today on the appeal from Judge Jed S. Rakoffβs rejection in 2011 of the consent settlement in ...
