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Monthly Archives: May 2011
The Supreme Court Grants Certiorari In Halliburton Securities Litigation
By Natalie Finkelman Bennett and Karen M. Leser-Grenon On January 7, 2011, the U.S. Supreme Court agreed to hear a case initially brought by Erica P. John Fund, formerly known as Archdiocese of Milwaukee Support Fund (the “Fund”), on behalf … Continue reading
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SFMS Institutes Securities Class Action On Behalf Of Investors Of Elan Corporation, PLC
By Karen M. Leser-Grenon On February 23, 2011, SFMS filed a lawsuit in the United District Court for the Southern District of New York, on behalf of investors who purchased publicly traded stock or American Depository Shares (“ADS’s”) of Elan … Continue reading
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Materiality Standard Addressed By Second Circuit
By Patrick A. Klingman and Nathan Zipperian In Landmen Partners, Inc. v. The Blackstone Group, L.P., No. 09-4426, 2011 WL 447050 (2nd Cir. Feb. 10, 2011), the United States Court of Appeals for the Second Circuit reduced the burden on … Continue reading
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Update Of SEC’s Proposal To Reform Mutual Fund Fees
By James C. Shah As detailed in the separate summary of the case recently commenced by SFMS on behalf of 401k plans in the United States against ING Life Insurance and Annuity Company, the issue of mutual fund fees and … Continue reading
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Court Deals A Blow To Investors In Wachovia Securities Litigation
By Laurie A. Rubinow On March 31, 2011, Judge Richard J. Sullivan of the United States District Court for the Southern District of New York dealt a blow to investors when he dismissed four consolidated complaints on behalf of investors … Continue reading
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