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The Bulletin - Winter 2024

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  • Kessler Topaz Tapped to Lead Local Government and School District Plaintiffs in Social Media MDL

    Matthew Macken, Tyler Graden

    In a case that is topical and timely, two Kessler Topaz partners have been appointed to represent local government and school district plaintiffs from across the nation in a multidistrict litigation (“MDL”) seeking to hold the largest social media companies accountable for harms caused by their...

  • Federal Judge Denies General Electric's Summary Judgment Bid, Setting the Stage for a Rare Securities Fraud Trial

    Austin Manning, Joshua Materese

    On September 28, 2023, the Honorable Jesse M. Furman of the U.S. District Court for the Southern District of New York issued an order in Sjunde AP-Fonden v. General Electric Company, et al., No. 1:17-cv-08457-JMF (S.D.N.Y.) (the “Order”) denying Defendants’[1] motion for summary judgment and...

  • Oklahoma Court Green-Lights Plaintiffs' Claims in Continental Resources Take-Private Litigation

    Kevin Kennedy

    On October 3, 2023, Judge Richard C. Ogden of the District Court of Oklahoma County denied, in its entirety, a partial motion to dismiss claims against Harold Hamm and other directors of Continental Resources, Inc. relating to Hamm’s 2022 acquisition of all outstanding shares of Continental common...

  • The Final Act In The Long-Running Goldman Sachs Group, Inc. Securities Litigation Confirms that Price Impact Arguments Proffered by Defendants Should Have Little Traction in The Vast Majority of Securities Cases

    Geoffrey Jarvis, Varun Elangovan

    Our Winter 2022 newsletter[1] discussed the Supreme Court’s then-recent decision in Goldman Sachs Group, Inc. v. Arkansas Teacher Retirement System, 141 S. Ct. 1951 (2021), and the District Court’s subsequent decision[2] applying the Supreme Court’s updated guidance on how defendants in federal...