In an brief order on Monday refusing to reconsider his selection of a Robbins Geller Rudman & Dowd client to lead a securities class action against the video conferencing company Zoom, U.S. District Judge James Donato of San Francisco gently chided the shareholder firm Pomerantz for suggesting that he had engaged in "judicial off-roading into the wilderness" when he picked a lead plaintiff.
The current and former CEOs of the blockchain payments company Ripple won't have to bare their financial lives to the U.S. Securities and Exchange Commission after a ruling on Friday from U.S. Magistrate Judge Sarah Netburn of Manhattan.
Someday, either the U.S. Congress or the U.S. Supreme Court is going to have to figure out what obligation businesses owe to disabled customers who want to use their websites and mobile apps.
Antitrust class action plaintiffs won a battle on Tuesday when the 9th U.S. Circuit Court of Appeals ruled in Olean Wholesale Grocery Co-op Inc v. Bumble Bee Foods LLC(2021 WL 1257845) that three classes of packaged tuna fish purchasers were entitled to rely on their statistical model to establish that common issues predominated in their claims against the tuna companies.
The U.S. Internal Revenue Service believes thousands of taxpayers are not telling the government about their income and investment gains from cryptocurrency transactions. If you are one of those thousands, and if you use the Boston-based digital currency platform Circle Internet Financial, now might be the time to think about filing an amended tax return.
You think pro hac vice applications are routine? You might want to think again after hearing the story of Jessica Dean's ill-fated application in an Iowa asbestos case.
In an offhand comment in the middle of oral arguments on Tuesday at the U.S. Supreme Court in TransUnion LLC v. Ramirez, Justice Samuel Alito pinpointed why the justices agreed to hear this case, in which the credit reporting agency is challenging the certification of a class of about 8,100 people. Those plaintiffs won a $40 million judgment in statutory and punitive damages for violations of the Fair Credit Reporting Act after TransUnion erroneously flagged them because they shared names with suspected terrorists and drug traffickers on a government list.
The investment bank Goldman Sachs had billed its U.S. Supreme Court case, which challenges the certification of a class of investors suing over the bank's alleged misrepresentations about its business principles, as the most important securities case to come before the justices in nearly a decade.
Judges Lawrence VanDyke and Patrick Bumatay are newcomers to the 9th U.S. Circuit Court of Appeals. Bumatay, a longtime Justice Department lawyer, joined the court in December 2019. VanDyke came to the 9th Circuit in January 2020 after serving as solicitor general in Montana and Nevada. On the 9th Circuit’s seniority list, VanDyke and Bumatay are at the bottom.
Securities class action trials are a rarity. Not quite so rare as, say, a global pandemic (thank goodness!) or even as unusual as a once-every-17-years cicada invasion.