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The Bulletin - Spring 2025

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  • Kessler Topaz Defeats Motion to Dismiss in Securities Fraud Case Against Norfolk Southern

    Nathan Hasiuk, Farai Shawa

    On March 24, 2025, U.S District Judge Steven D. Grimberg of the Northern District of Georgia denied in its entirety Defendants’ motion to dismiss securities fraud claims against Norfolk Southern Corporation (“Norfolk” or the “Company”) and its most senior executives. The decision is a...

  • U.S. Slimming Down Sec Enforcement of White Collar Crime

    Joshua Keszczyk, Geoffrey Jarvis

    Since returning to the Oval Office, President Donald Trump has sought to curtail the prosecution of certain white collar criminal activity through the use of executive orders and by changing the leadership at agencies like the U.S. Securities and Exchange Commission (“SEC”). The Trump...

  • Standard Chartered and Barclays: Lessons for Investors From Apparently Conflicting English Court Decisions

    Emily Christiansen

    In the United Kingdom, the Financial Services and Markets Act 2000 (“FSMA”) provides the statutory basis to bring actions to recover losses suffered as a result of false or misleading statements, omissions, or delayed disclosures by publicly listed companies. Among the three categories of claims...

  • UPDATE: EWTF v. United States (U.S. Court Of Claims) KTMC Completes Distributions from $169 Million Settlement, with 100% Participation Rate

    Jonathan Neumann

    KTMC recently secured a landmark settlement agreement of approximately $169 million on behalf of a class of self-administered, self-insured group health plans (the “Class”). The case dates back to 2014, when the lead plaintiff, Electrical Welfare Trust Fund, and other Class members were forced by...

  • Recent Decisions in Schneider V. Natera, Inc.

    Aubrie Kent, Joshua D'Ancona

    Introduction On March 21, 2025, Judge David A. Ezra of the Western District of Texas issued an order denying defendants’ motion for judgment on the pleadings, and a separate order granting plaintiffs’ motion to certify a class, in Schneider v. Natera, Inc., a federal securities fraud class action...

  • SEC Climate Disclosure Rules Enter Legal Limbo

    Karissa Sauder

    In March 2024, the United States Securities and Exchange Commission (the “SEC”) adopted new rules requiring extensive disclosure of climate-related risks, data, and costs. The implementation of these rules, however, has been paused while legal challenges proceeded. Recently, the Trump...

  • Federal Judge Greenlights Breach of Implied Covenant of Good Faith and Fair Dealing Claims Against Robinhood in "Cash Sweep" Class Action

    On October 25, 2024, KTMC filed a class action complaint in the United States District Court for the Northern District of California against Robinhood Markets, Inc. (“Robinhood”), an online trading platform, on behalf of investors who participated in Robinhood’s “Deposit Sweep” program. Under the...