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Cornerstone And Stanford Release Report On Filings In 2008 - Cornerstone Research and the Stanford Law School Securities Class Action Clearinghouse have released a report on federal securities class action filings in 2008. The findings include: (1) There were were 210 filings (through 12/15), a 19% increase over the previous ...
Feed Source: www.the10b-5daily.com

Year In Review - Securities Docket will be hosting a "2008 Year in Review - Securities Litigation and Enforcement" webcast on Tuesday, January 6 at 2 p.m. ET. All of the details on the free program, which will include a number of prominent bloggers, ...
Feed Source: www.the10b-5daily.com

NERA Releases "2008 Trends In Securities Class Actions" - NERA Economic Consulting has released a study entitled 2008 Trends in Securities Class Actions. The study reaches the following notable conclusions: (1) There have been 255 securities class action filings this year (through Dec. 14), on pace for a 10-year ...
Feed Source: www.the10b-5daily.com

Competitive Advantage - The U.S. Court of Appeals for the Fourth Circuit has issued its first opinion applying the Tellabs decision on the pleading of scienter (i.e., fraudulent intent). Those who follow the Fourth Circuit's jurisprudence in this area will be unsurprised to ...
Feed Source: www.the10b-5daily.com

Crystal Ball - SCAS Alert (RiskMetrics) has an article on what the coming year may bring for securities litigators. The main speculation is whether the Democratic majorities in Congress will seek to overturn the Supreme Court's decisions in Central Bank (no aiding and ...
Feed Source: www.the10b-5daily.com

Sliding Scale - What triggers the running of the statute of limitations for a securities fraud action is suddenly a hot topic, thanks to a possible Supreme Court case and a recent Second Circuit decision. In Staehr v. Hartford Financial Services Group, Inc., ...
Feed Source: www.the10b-5daily.com

Definite Maybe - The U.S. Court of Appeals for the Ninth Circuit has issued an opinion on pleading scienter that includes new law (sort of) on the issues of collective scienter, SOX certifications, and profit motive. In Glazer Capital Management LP v. Magistri, ...
Feed Source: www.the10b-5daily.com

Fees and Reforms - (1) Fee requests have been in the news. Last week it was the court's decision to sharply reduce the requested fees and expenses in the Coca-Cola securities class action. This week it is the billing of temp attorneys at high ...
Feed Source: www.the10b-5daily.com

Litigation On $300 A Night - The Coca-Cola securities class action continues to make news. After the "sale of stolen company documents" controversy, the case was settled earlier this year for $137.5 million. The Fulton County Daily Report has an article on the court's decision to ...
Feed Source: www.the10b-5daily.com

No Longer Good Law - As discussed in The 10b-5 Daily before, whether the Tellabs decision on pleading scienter (i.e., fraudulent intent) can best be described as a victory for plaintiffs or defendants has to be evaluated on a circuit-by-circuit basis. In the U.S. Court ...
Feed Source: www.the10b-5daily.com

Incomplete Peace - When only some of the defendants settle a securities class action, the extent to which they can avoid related litigation with non-settling defendants through the imposition of a judicial bar order is limited. In In re Heritage Bond Litig., 2008 ...
Feed Source: www.the10b-5daily.com

Around The Web - A couple of items from around the web: (1) The New York Law Journal has a column (Nov. 5 edition - subscrip. req'd) on loss causation and class certification. The authors argue that although the Oscar (5th Circuit) and Salomon ...
Feed Source: www.the10b-5daily.com

Accredo Health Settles - Accredo Health, Inc., a wholly-owned subsidiary of Medco Health Solutions, Inc. (NYSE: MHS), has reached a preliminary settlement of the securities class action pending against it in the W.D. of Tennessee. The case, originally filed in April 2003, stems from ...
Feed Source: www.the10b-5daily.com

Out In Left Field - Will the next U.S. Supreme Court securities case be about the statute of limitations? It is a strong possibility, given that the Court has asked the Solicitor General to weigh in on the cert petition filed in a Ninth Circuit ...
Feed Source: www.the10b-5daily.com

Potential IPO Allocation Cases Settlement - The Wall Street Journal reports that there may be a settlement in the IPO allocation cases. Although it is not entirely clear from the press coverage, it appears that the parties are contemplating a global settlement (including issuers and underwriters) ...
Feed Source: www.the10b-5daily.com

Amendment to Model Rule of Professional Conduct 1.10 - The Section of Litigation's Amendment, contained in Report 110, offers a compromise position to Report 109 being offered at the ABA Mid-Year Meeting by the Steering Committee on Ethics and Professional Responsibility....
Feed Source: www.abanet.org

Litigation News: Conflict-of-Interest Rules to Be Reconsidered - Proposed amendment to Model Rule of Professional Conduct 1.10 makes rounds, again....
Feed Source: www.abanet.org

Applications Now Being Accepted for JIOP - The Judicial Intern Opportunity Program is a full-time, six-week minimum, summer internship program open to all first- or second-year minority and/or financially disadvantaged law students who want to do legal research and writing for state or federal judges in participating cities. Applications for the 2009 program are being accepted through through December 31, 2008....
Feed Source: www.abanet.org

Subprime Mortgage and Related Litigation Study: Third Quarter 2008 Update - Credit Crisis spurs unprecedented volume of litigation, Navigant Consulting study shows....
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