If you’ve thought about filing a business lawsuit in federal court or you have one underway already, you’ll probably want to read about two still-in-process studies by Columbia University and Harvard University law school professors on how the U.S. Supreme Court under Chief Justice John Roberts (2005-present) has treated business lawsuits, and how that treatment
Halliburton
Securities Class Actions Take Hit
Basic survives — barely
The Supreme Court held today that plaintiffs in securities fraud cases may continue to use a 26-year-old presumption that "the price of stock traded in an efficient market reflects all public, material information — including material misstatements." Halliburton Co. v. Erica P. John Fund, Inc., No. 13-317, slip op. at…
Supreme Court Slams Fifth Circuit Test for Securities Class Actions
The U.S. Supreme Court today reversed a Fifth Circuit decision that required plaintiffs in federal securities cases to prove "loss causation" at the class certification stage. Erica P. John Fund v. Halliburton, Inc., No. 09-1403 (U.S. June 6, 2011).
As Blawgletter noted a couple months ago, the Fifth and Seventh Circuit had…
Class Certification in Antitrust Cases: A Brave New World
Blawgletter wrote a paper class cert in antitrust cases for a Practising Law Institute program that went webinar last month. Read it here if you dare:
Where to file. From a plaintiff's perspective do you have favorite courts to file antitrust class actions. What are the undesirable courts from a defense perspective. Are there…
Whither BP Oil Spill Litigation?
Blawgletter got back this morning (around 3:00 a.m.) from our first-ever trip to Boise. We saw a Great Many lawyers.
We and they had come to watch, and some of us to present, argument about what the Judicial Panel on Multidistrict Litigation should do with big cases.
In re Oil Spill by the Oil Rig "Deepwater Horizon" in the…