Australian High Court Upholds Ability of Non-Resident Shareholders to Participate in Shareholder Class Actions Authors of this newsletter: Emily Christiansen An October 12, 2022 landmark decision by the High Court of Australia, in BHP Group Limited v. Impiombato, preserved the ability for […] Read More
The SEC’s Executive Compensation Clawback Rules Will Likely Increase Financial Reporting Transparency and Accountability to Investors Authors of this newsletter: Barbara Schwartz , Karissa Sauder In October 2022, after years of debate and public comment, the United States Securities and Exchange Commission (the “SEC”) voted […] Read More
Price Impact and the Speed of Information: Recent Developments in Securities Class Certification Authors of this newsletter: Matthew Mustokoff , Margaret Mazzeo In outlining the contours of the “fraud-on-the-market” presumption of reliance, the Supreme Court in Basic v. Levinson held that the presumption is […] Read More
Kessler Topaz Achieves Significant Victory in Securities Fraud Case Involving Zillow Offers Debacle Authors of this newsletter: Stacey Kaplan On December 7, 2022, U.S. District Judge Thomas S. Zilly of the Western District of Washington denied in large part […] Read More
KTMC Class Certification Victory in Mazda Defective Water Pump Litigation Demonstrates Winning Strategy for Multistate Class Actions Authors of this newsletter: Melissa Yeates , Jordan Jacobson , Matthew Macken Historically, consumers seeking to hold companies accountable for unfair or fraudulent conduct were able to pursue claims on behalf of […] Read More
Expanding the DGCL’s Section 102(b)(7) Sanctuary for Misbehaving Fiduciaries: The Future of Prosecuting Senior Officer Misconduct Authors of this newsletter: Lauren Lummus Traditionally, by virtue of owning shares of a company’s stock, a stockholder has rights to hold corporate officers and directors […] Read More
