Tag Archives: securities

2016-17 Securities Class Actions by the Numbers

By Shawn P. Hough on July 13, 2017 Posted in Securities

2016 was an unprecedented year in securities class actions filings. According to a report published by NERA Economic Consulting, a record 300 securities class action complaints were filed in 2016 in federal courts, a 32 percent increase from 2015. This number represents the highest pace of filings since the 2000 dot-com crash. The median time … Continue Reading

District Court Follows Supreme Court’s Lead in Halliburton, Allows Class Action to Proceed with Narrowed Factual Scope

By Deborah Renner, Jessie M. Gabriel and David M. McMillan on July 31, 2015 Posted in Class Certification, Securities

Applying the Supreme Court’s landmark decision in Halliburton Co. v. Erica P. John Fund, Inc., 134 S. Ct. 2398 (2014) (“Halliburton II”), which allowed companies facing securities fraud class actions to defeat certification by presenting evidence that their alleged false statements did not impact the company’s stock price, the district court on remand held that … Continue Reading

Insurance Coverage for Class Action Lawsuits

By Judy Selby on April 17, 2013 Posted in Insurance, Practice Pointers

Upon learning that his obituary had been published in the New York Times, Mark Twain famously quipped, “Reports of my death have been greatly exaggerated.” The same can be said about class action lawsuit filings after the Supreme Court’s decisions in Wal-Mart Stores, Inc. v. Dukes, 131 S. Ct. 2541 (2011) (plaintiffs required to show … Continue Reading

A Big Week for the Securities Bar: Amgen and Gabelli

By Deborah Renner on March 13, 2013 Posted in Class Certification, Commonality, Injunctions, Practice Pointers, Predominance, Securities

Co-authored by: Marc D. Powers, Mark A. Kornfeld, and Jessie M Gabriel Editor’s Note: This Executive Alert was published by members of BakerHostetler’s Securities Litigation and Regulatory Enforcement Team and BakerHostetler’s Class Action Team. The Supreme Court last week issued two opinions of major importance to the securities bar. In Amgen Inc. v. Connecticut Retirement … Continue Reading

Southern District of New York Applies Daubert and Denies Class Certification in Securities Case

By Jessie M. Gabriel on April 4, 2012 Posted in Class Action Trends, Class Certification, Predominance, Securities

Continuing the trend in the Second Circuit since the IPO decision for courts to “rigorously” determine whether class certification is appropriate, on March 27, 2012, Judge Miriam Cederbaum of the United States District Court for the Southern District of New York denied plaintiff’s motion for class certification in the putative class action brought against Freddie … Continue Reading