Securities Class Action Report

On October 30 of last year I commented on former Bernstein Litowitz lawyer, Sean Coffey’s decision to run for Attorney General in New York.  On several occasions I’ve mentioned the unseemly though commonplace practice of soliciting business with state pension systems while simultaneously acting as b

For an illuminating look at improper fee sharing arrangements at plaintiffs’ firms, check out Edward Siedle’s commentary in Forbes. An offer of $800,000 up front and 10% of any class action legal fees: That’s what law firm Milberg Weiss Bershad Hynes & Lerach proposed paying me in July 2003 to serve

the number of these class actions filed in Delaware alone equaled about half of the total number of federal securities fraud class actions filed in all federal district courts during that same two-year period.

Despite a petition by the United States Solicitor General urging the court to reject certiorari, the Supreme Court granted cert today in Morrison v. National Australia Bank Ltd., 547 F.3d 167 (2d Cir. 2008).

In October, I wondered whether emails between Bank of America and its outside counsel regarding the bank’s acquisition of Merrill Lynch may eventually end up in the hands of plaintiffs lawyers.  Despite the bank’s assertion that handing over the sensitive documents created only a limited waiver of i

A closer look at a lawsuit filed against Warren Buffett's Berkshire Hathaway a few hours after its announcement that it would be acquiring Burlington Northern Santa Fe Corp for $26 billion

I’ve been having issues with Google Blogger and am currently in the process of transitioning everything over to WordPress.   The new site is located at http://securitiesclassactionreport.wordpress.com. Thanks for your patience as I try to get everything sorted out. KXYDKGTSCN29

If private securities suits ride the coattails of these federal enforcement actions, the plaintiffs firms may be inviting additional scrutiny on their own political fundraising activities.

I'm generally in favor of providing clients with wide discretion in their selection of counsel. However, when one class member and his attorney are to act as fiduciaries for the whole (otherwise unrepresented) class, the issues are somewhat different. Thus, the fact that the 9th Circuit's interpre