A proposed class action in California federal court points its finger at Fenwick & West LLP, the former counsel for the now-bankrupt crypto exchange FTX. According to the accusations bubbling to the surface, the law firm enlisted its expertise in the creation of so-called ‘shadowy entities’. These, the plaintiffs claim, became conduits through which FTX…
On July 21, 2023, the Southern District of New York weighed in on a closely-watched class action lawsuit involving an undisclosed agriculture company and several of its senior officers (the “Individual Defendants”). The court, led by Judge Lewis J. Liman, both granted in part and rejected in part a motion to dismiss the securities class…
The Fourth Circuit has made a pivotal alteration in its milieu on attorney’s fees for injunction wins, negating an old rule which previously impeded litigants from pursuing these fees unless they had been awarded a final judgment. In a recent ruling, the court decided that litigants in unique circumstances can be deemed a “prevailing party”…
In a recent ruling by the Supreme Court in R (on the application of PACCAR Inc and others) (Appellants) v Competition Appeal Tribunal and others (Respondents) [2023] UKSC 28, the legal industry has been imbued with uncertainty, particularly around the future direction of litigation funding. JDSupra reports that this case presents an array of questions…
In the District of Massachusetts, a significant legal decision transpired when Judge William G. Young granted partially and denied in part a motion to dismiss a putative class action lawsuit. This decision appears to pave a new path for companies and their executives when responding to litigation threats. The case in question was brought against…
On July 10, 2023, a notable decision took place in the United States District Court for the District of Minnesota. Chief Judge Patrick J. Schiltz granted a motion to dismiss a putative securities fraud class action lodged against a mattress and bedding company and two of its executive officers. The decision has been stirring interest…
On July 10, 2023, the United States Court of Appeals for the Eleventh Circuit upheld the decision to dismiss a consolidated class action lawsuit against a biomedical company, certain executive members, and its former auditor. This case, titled Carpenters Pension Fund of Ill. v. MiMedx Group, Inc., No. 22-10633, had alleged violations of Section 10(b)…
A recent ruling by the District of Massachusetts Court against software firm Pegasystems could have significant implications for corporate responses to lawsuits. Judge William Young is making headlines in the legal community for holding Pegasystems accountable for asserting the baselessness of a lawsuit despite its merit. This ruling could potentially alter the commonplace, reflexive response…
On July 13, 2023, the United States Court of Appeals for the Tenth Circuit handed down a key decision, reversing the dismissal of a putative class action against a poultry producer and several of its officers under Section 10(b) of the Securities Exchange Act of 1934. This case, titled Hogan v. Pilgrim’s Pride Corp., was…
A consumer class action suit was filed against Prime Hydration LLC, a sports drinks company founded by YouTube celebrities Logan Paul and OIajide William Olatunji, also known as KSI. This lawsuit was first surfaced by Law.com Radar. The complaint was brought to U.S. District Court for the Northern District of California on August 2 by…
In an important recent development in the legal landscape of consumer debt cases, an FCRA (Fair Credit Reporting Act) and FDCPA (Fair Debt Collection Practices Act) putative class action lawsuit, the U.S. District Court for the Southern District of Alabama granted summary judgment in favor of a defendant third-party debt collector. This case revolved around…
It’s a scenario that’s becoming all too common in the corporate world. A class action lawsuit gets filed, in this case, against Anheuser-Busch, accusing the company of a host of violations against California’s wage and hour laws. This begs the question, “Why is this garnering attention given that countless such lawsuits are filed on an…
The recent fee ruling issued by the Delaware Chancery Court in the Dell settlement case has sparked a wide range of responses amongst legal experts. In a noteworthy decision, the court awarded shareholder attorneys a fee of $266.7 million in relation to the $1 billion Dell settlement. This ruling is seen as a victory for…
The United States Sugar Corp. may have ended its nearly $10 million legal battle against a proposed class action over toxic emissions from pre-harvest sugarcane burns, but the financial fallout is far from over. After seeking recoupment from its insurer for all incurred expenses related to the suits, a federal judge in Florida has ruled…
In a recent ruling, the Federal Court of Appeal upheld the refusal of the lower court to certify a proposed class action in the high-profile case of Jensen v. Samsung Electronics Co. Ltd., 2023 FCA 89. The case, centered around allegations that the defendants had breached sections 45 and 46 of the Competition Act, R.S.C….
On July 25, 2023, an important decision took place in the United States District Court for the Southern District of New York. Judge Jed S. Rakoff dismissed a motion to dismiss a putative securities class action, involving an online food ordering and delivery platform, known merely as “the Company”. The allegation stems from violations of…
In the ongoing legal landscape, employers who choose to exclude coverage for gender affirming care in their health plans may find themselves facing significant risks. This is in light of recent court rulings and legislative movements. In recent years, there has been a surge of cases pertaining to the delivery of and payment for gender…
On July 6, 2023, Chancellor Kathaleen St. J. McCormick of the Delaware Court of Chancery provided a written opinion interpreting a previous bench ruling on a mootness fee awarded to a plaintiff’s counsel in a class action lawsuit from supposed stockholders. This lawsuit was initiated against Magellan Health, Inc. and its directors, linked to its…