Crypto litigation, fueled by a surge of investors and market volatility, has ballooned in recent years. For example, numerous securities class actions and government subpoenas followed the May 2022 collapse of the $60 billion...more
11/21/2022
/ CFTC ,
Class Action ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Howey ,
Investors ,
SCOTUS ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Subpoenas
In a scathing decision by the United States District Court for the Southern District of New York, the Court denied class certification of the Allergan securities class action (“Allergan”). See In re Allergan PLC Sec. Litig.,...more
10/21/2020
/ Class Action ,
Class Certification ,
Class Members ,
Class Representatives ,
FRCP 23 ,
FRCP 23(b)(3) ,
Institutional Investors ,
Legal Fees ,
Question of Fact ,
Question of Law ,
Securities Fraud ,
Securities Litigation
Years after Plaintiffs brought a federal securities complaint against Petrobras, and more than a year after the case settled for approximately $3 billion, Judge Jed S. Rakoff of the United States District Court for the...more
8/16/2019
/ 28 U.S.C. § 1782 ,
Brazil ,
Class Action ,
Discovery ,
Document Productions ,
Foreign Jurisdictions ,
Foreign Tribunals ,
International Arbitration ,
International Litigation ,
Lack of Jurisdiction ,
Protective Orders ,
Sealed Records ,
Securities Litigation ,
Summary Judgment
The United States District Court of the District of Connecticut will soon decide whether a putative class member may intervene “for the limited purpose of tolling the statute of repose.” Statutes of repose place an outer...more
3/14/2019
/ Amended Complaints ,
Class Action ,
Federal Rules of Civil Procedure ,
Motion To Intervene ,
Price-Fixing ,
PSLRA ,
Securities Fraud ,
Standing ,
Statute of Limitations ,
Statute of Repose ,
Tolling
In a recent ruling in In re: BP p.l.c. Securities Litigation the United States District Court for the Southern District of Texas dismissed claims asserted by opt-out plaintiffs as time barred by the Exchange Act’s statute of...more
10/10/2018
/ American Pipe & Construction Co. v. Utah ,
CalPERS v ANZ Securities ,
Class Action ,
Equitable Tolling ,
Institutional Investors ,
Opt-Outs ,
SCOTUS ,
Securities Act of 1933 ,
Securities Litigation ,
Statute of Limitations ,
Statute of Repose
As we previously noted in this post, the United States District Court for the Northern District of California dismissed the Volkswagen Bondholder Plaintiff’s first amended complaint, with leave to amend, holding that it could...more