Facebook and Founder Mark Zuckerberg Capitulate to KTMC on Eve of Trial Authors of this newsletter: Lee Rudy Just one day before trial was set to commence over a proposed reclassification of Facebook’s stock structure that KTMC challenged […] Read More
Amsterdam Court of Appeals Denies Dutch Shareholder Association Group Action Against BP Authors of this newsletter: Emily Christiansen On November 7, 2017, the Amsterdam Court of Appeals issued a judgment that limits the ability of shareholders to bring […] Read More
First Solar Presents Opportunity for Ninth Circuit to Shed Light on Appropriate Loss Causation Standard Authors of this newsletter: On October 18, 2017, the U.S. Court of Appeals for the Ninth Circuit heard oral argument in Mineworkers’ Pension Scheme, et […] Read More
Still Having Trouble Getting Your Money Back? You’re Not Alone Authors of this newsletter: Over the last decade, we have checked in from time to time on the current state of claims administration for […] Read More
Waggoner V. Barclays Plc: Rebutting the Fraud-On-The-Market Presumption of Reliance Requires a Preponderance of the Evidence Authors of this newsletter: Nathan Hasiuk , Andrew Zivitz In Waggoner v. Barclays PLC,1 the Second Circuit held that in order to rebut the fraud-on-the-market presumption of reliance in a class […] Read More
Kessler Topaz Prepares for Trial Against Energy Transfer Equity Authors of this newsletter: In April 2016, Kessler Topaz commenced a lawsuit in the Delaware Court of Chancery on behalf of a class of […] Read More
In re Banco Bradesco: Statements Concerning Corporate Code of Ethics Held Actionable and Dismissal of Parallel Criminal Charges Against a Defendant Carry No Weight at the Pleading Stage Authors of this newsletter: Margaret Mazzeo KTMC serves as lead counsel in In re Banco Bradesco Sec. Litig., No. 1:16-cv-4155-GHW, 2017 WL 431407 (S.D.N.Y. Sept. 29, 2017) […] Read More
What Could Have Been: The Rise and Fall of the CFPB’S Arbitration Rule Authors of this newsletter: On July 19, 2017, the Bureau of Consumer Financial Protection (“CFPB”) issued a final rule prohibiting covered providers of certain […] Read More
