On June 12, 2020, the Honorable Lewis J. Liman of the United States District Court for the Southern District of New York appointed Sjunde AP-Fonden (“AP7”) and Louisiana Sheriffs’ Pension & Relief Fund (“Louisiana Sheriffs”) to serve as co-lead plaintiffs in the pending securities class action... Read more >

The Second Circuit’s recent decision in Arkansas Teacher Retirement System v. Goldman Sachs Group, Inc., 955 F.3d 254 (2d Cir. 2020) (“Goldman”), stands as an important class certification victory for securities fraud plaintiffs, rebuffing the defendants’ attempts to relitigate merits issues—like... Read more >

Kessler Topaz recently filed a complaint on behalf of businesses against an insurer that wrongfully denied coverage for business interruption caused by the COVID–19 pandemic. The complaint was filed against State Farm Automobile Insurance Company and State Farm Florida Insurance Company... Read more >

The U.S. Court of Appeals for the Ninth Circuit has agreed to hear an interlocutory appeal that will provide it with an opportunity to clarify when courts may presume reliance in securities cases based on omissions. The appeal arises out of the denial of Defendants’ motion for summary judgment in... Read more >