The U.S. Court of Appeals for the Second Circuit (“Second Circuit”) recently issued an important decision concerning challenging the rejection of claims made by class members in settled U.S. class actions. Contant v. AMA...more
Introduction -
Class Plaintiffs in the case of In re Foreign Exchange Benchmark Rates AntiTrust Litigation alleged that Defendant banks conspired to fix prices in the foreign exchange (“FX”) market in violation of Sections 1...more
4/6/2023
/ Antitrust Provisions ,
Antitrust Violations ,
Banks ,
Competition ,
Credit Suisse ,
Enforcement Actions ,
Fifth Amendment ,
Financial Markets ,
Foreign Currency ,
Foreign Exchanges ,
Investment ,
Investors ,
Popular ,
Price-Fixing ,
Sherman Act
This case stems from alleged misstatement made by Volkswagen Group of America Finance (“VWGoAF”) in an Offering Memorandum governing the issuance of three sets of bonds. The bonds were offered in private placements with...more
5/25/2018
/ Bondholders ,
Bonds ,
Class Action ,
Direct Purchasers ,
Fraud-on-the-Market ,
Investors ,
Material Misstatements ,
Motion to Dismiss ,
Private Placements ,
R&D ,
Rule 10(b) ,
Rule 144A ,
Scienter ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Fraud ,
Volkswagen
As we have previously noted, Dutch Foundations (or Stichtings) have been considered a useful tool in seeking recovery for losses on foreign securities. After the Morrison decision closed U.S. courts to claims for purchases of...more
On November 4, 2016, Judge Keith Ellison of the United States District Court for the Southern District of Texas granted preliminary approval of a $175 million settlement in the federal securities class action In re: BP p.l.c....more
As we have mentioned previously, in the wake of Morrison v. National Australia Bank, securities plaintiffs are no longer able to assert claims under the U.S. securities laws to recover potential losses for transactions that...more