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Think Globally, Sue Locally - The New York Law Journal has a column (Aug. 13 - subscrip. req'd) on the "Extraterritorial Application of U.S. Securities Laws." The authors focus on the recent Astrazeneca decision in the S.D.N.Y., where the court dismissed the action as to ...
Feed Source: www.the10b-5daily.com

Shaw Enough - The Shaw Group is on a roll. Following the recent dismissal of the securities class action against the company in the S.D.N.Y., it has obtained an unusual victory in an earlier, unrelated securities class action filed in the D. of ...
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General Motors Settles - General Motors, Corp. (NYSE: GM), a Michigan-based automaker, has announced the preliminary settlement of the securities class action pending against the company in the E.D. of Michigan. The case, originally filed in September 2005, stems from allegations that General Motors ...
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Not So Fast - As it turns out, the defense is on a winning streak in securities class action trials. Although the jury verdicts in the recent JDS Uniphase (for defendants) and Apollo Group (for plaintiffs) trials were split, the Apollo Group defendants achieved ...
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Monster Worldwide Settles - Monster Worldwide, Inc. (NASDAQ: MNST), a New York-based online employment solutions company, has announced the preliminary settlement of the securities class action pending against it in the S.D.N.Y. The case, originally filed in March 2007, stems from allegations that Monster ...
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Adding Up The Numbers - The mid-year numbers are in on securities class action filings and settlements. This week saw the publication of 2008 Trends: Subprime and Auction-Rate Cases Continue to Drive Filings, and Large Settlements Keep Averages High from NERA Economic Consulting and 2008 ...
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Reforming The System - The U.S. Chamber Institute for Legal Reform has issued a paper entitled Securities Class Action Litigation: The Problem, Its Impact, and the Path To Reform. The paper expands upon some of the concerns and recommendations raised by recent capital market ...
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WLF Webcast On The SEC And Securities Class Actions - The author of The 10b-5 Daily, Lyle Roberts (Dewey & LeBoeuf), is participating in a Washington Legal Foundation webcast on the SEC and securities class actions. The webcast will take place on Tuesday, July 29 at 10 a.m. ET. Click ...
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Hot Off The Press - Two columns from the New York Law Journal on securities litigation. (1) In 'Oscar': Misinterpretation of Fraud-on-the-Market Theory (July 17 edition - subscrip. req'd), the author discusses a Fifth Circuit decision on class certification. Notably, the court held that loss ...
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Clueless - While a proposed class representative does not have to possess "expert knowledge" of the case, there are some limits on how clueless it can be. In the Monster Worldwide, Inc. securities class action before the S.D.N.Y., the court has rejected ...
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Must Have Known - In Berson v. Applied Signal Tech., Inc., 527 F.3d 982 (9th Cir. 2008), the company allegedly misled investors into believing it was likely to perform contracted work. According to the plaintiffs, however, the work had actually ceased pursuant to “stop-work” ...
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Coca-Cola Settles - Coca-Cola Co. (NYSE: KO), the world’s largest manufacturer, distributor, and marketer of nonalcoholic beverages and syrups, has agreed to the preliminary settlement of the securities class action pending against it in the N.D. of Georgia. The long-running case, originally filed ...
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UnitedHealth Settles - UnitedHealth Group, Inc. (NYSE: UNH), a Minnesota-based diversified health and well-being company, has announced the preliminary settlement of the securities class action pending against it in the D. of Minn. The case, originally filed in 2006, stems from allegations that ...
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The GM Paradigm - Whether a plaintiff can establish the scienter of a defendant corporation based on the collective knowledge of the corporation's employees, commonly referred to as the "collective scienter" theory, is a topic that is getting increased attention in the courts. The ...
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Break In The Action - There will be no new posts on The 10b-5 Daily until after June 30 ....
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Does Riegel v. Medtronic Signal Expansion of Federal Preemption of State Law Product Liability Claims? - The Supreme Court is to address whether federal regulations implicitly preempt state law claims....
Feed Source: www.abanet.org

When a Lawyer Goes In-House - When I moved in-house from a large firm, I was prepared for a big change, both in responsibilities and in perspective. I was not disappointed. I was surprised....
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2008 ABA Annual Meeting - This year's ABA Annual Meeting, held August 7–10 in New York City, offers the chance to hone your advocacy skills and earn CLE at top caliber programs....
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Trial Practice 2008 [PDF] - Focusing on fundamental trial skills and advocacy, Trial Practice 2008 covers the development of facts and arguments, through briefs and memoranda, to bring a client's story to life....
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