Overlawyered » securities litigation http://overlawyered.com Chronicling the high cost of our legal system Tue, 14 Feb 2012 18:22:52 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 “Class-action lawyers swarm around buyout deals” http://overlawyered.com/2012/02/class-action-lawyers-swarm-around-buyout-deals/ http://overlawyered.com/2012/02/class-action-lawyers-swarm-around-buyout-deals/#comments Wed, 08 Feb 2012 05:30:12 +0000 Walter Olson http://overlawyered.com/?p=27439 Merger announcements often trigger a spate of press releases announcing that securities plaintiff’s firms are “investigating” the situation. Even if the evidence of wrongdoing is absent and the financial analysis thin, lawsuits may be the next step, because that’s where the money is [David Nicklaus, St. Louis Post-Dispatch]

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]]> http://overlawyered.com/2012/02/class-action-lawyers-swarm-around-buyout-deals/feed/ 1 February 8 roundup http://overlawyered.com/2012/02/february-8-roundup-4/ http://overlawyered.com/2012/02/february-8-roundup-4/#comments Wed, 08 Feb 2012 05:15:22 +0000 Walter Olson http://overlawyered.com/?p=27202
  • Popular proposal to curb Congressional insider trading (”STOCK Act”) could have disturbing unintended consequences [John Berlau, CEI "Open Market"]
  • Here’s Joe’s number, he’ll do a good job of suing us: “Some Maryland hospitals recommend lawyers to patients” [Baltimore Sun, Ron Miller]
  • Bribing the states to spend: follies of our fiscal federalism, and other themes from Michael Greve’s new book The Upside-Down Constitution [LLL, more] “Atlas Croaks, Supreme Court Shrugs” [Greve, Charleston Law Review; related, Ted Frank]
  • “… Daubert Relevancy is the Sentry That Guards Against the Tyranny of Experts” [David Oliver on new First Circuit opinion or scroll to Jan. 23]
  • Goodbye old political tweets, Eric Turkewitz is off to trial;
  • State laws squelch election speech, and political class shrugs (or secretly smiles) [George Will]
  • Too bad Carlyle Group got scared off promising experiment to revamp corporate governance to curb role of litigation [Ted Frank, Gordon Smith] AAJ should try harder to use people’s quotes in context [Bainbridge]
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    ]]>     http://overlawyered.com/2012/02/february-8-roundup-4/feed/ 2     February 6 roundup http://overlawyered.com/2012/02/february-6-roundup-3/ http://overlawyered.com/2012/02/february-6-roundup-3/#comments Mon, 06 Feb 2012 05:02:14 +0000 Walter Olson http://overlawyered.com/?p=27368
  • “A 4-Page Playdate Waiver? Is This the New Normal?” [Lenore Skenazy, Free-Range Kids; our 2000 post on "Rise of the High-School Sleepover Disclaimer"]
  • Spirit Airlines sets what it calls DOTUC fee, for “Dept. of Transportation Unintended Consequences” [Stoll]
  • How fairly are fathers treated in family court? [Nina Shapiro, Seattle Weekly via Alkon]
  • “‘Insider’ Trading by the Representative Plaintiff in Shareholder Litigation” [Bainbridge]
  • “Donation controversy focuses attention on Madison County asbestos litigation” [St. Louis Post-Dispatch, Chamber-backed LNL]
  • Update: Appeals court reinstates Duluth doc’s defamation claims [DNT, earlier here, here, here; "bedside manner" criticism]
  • U.K.: “‘Psychic’ Sally Morgan Sues Critics for £150,000 After Refusing $1 Million to Prove Her Powers” [D.J. Grothe, HuffPo] “She’ll be calling witnesses such as ‘an uncle, or father, or a man… with a b in his first name’.” [@thegagthief]
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    ]]>     http://overlawyered.com/2012/02/february-6-roundup-3/feed/ 1     January 18 roundup http://overlawyered.com/2012/01/january-18-roundup-4/ http://overlawyered.com/2012/01/january-18-roundup-4/#comments Wed, 18 Jan 2012 05:11:45 +0000 Walter Olson http://overlawyered.com/?p=26848
  • A federal fishing raid, the Pew Charitable Trusts and a biased Business Week account [Nils Stolpe on Gloucester, Mass. fisheries, via Stoll]
  • Intimidating the judiciary? “Group Opposing Citizens United Pushes ‘Occupy the Courts’ Protest” Jan. 20 [Debra Cassens Weiss, ABA Journal] Mob rallies at Michigan governor’s private home [Meegan Holland, MLive] “Occupy” forces Gingrich to cancel event [Daily Caller] Earlier here, here, here, etc.
  • “Paper Airplane? Late for School? Shouting Too Loud? You’re Under Arrest!” [Free-Range Kids, Texas]
  • Spielberg in “Raiders of the Lost Ark” paid homage to earlier movie sequences without sweating permissions. Oh, for those days [Joho] “Cultural gems that should be in the public domain today” [Atlantic Wire, Tabarrok]
  • UPS settlement exaggerates benefits to class members [Ted Frank; related, CCAF] “Federal Judges Have Harsh Words, Rulings for Class Action Plaintiffs’ Lawyers” [Lammi/WLF]
  • “Justice Breyer Calls Recusal Controversy a ‘Non-Issue’” [ABA Journal]
  • “Add Plaintiff-Lawyer Fees To The Cost Of Most Mergers” [Daniel Fisher, Forbes on Cornerstone Research report]
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    ]]>     http://overlawyered.com/2012/01/january-18-roundup-4/feed/ 1     The “corporations aren’t people” campaign http://overlawyered.com/2011/11/the-corporations-arent-people-campaign/ http://overlawyered.com/2011/11/the-corporations-arent-people-campaign/#comments Tue, 08 Nov 2011 15:12:49 +0000 Walter Olson http://overlawyered.com/?p=25549 Neither Stephen Bainbridge nor Larry Ribstein is particularly impressed by it.

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    ]]>     http://overlawyered.com/2011/11/the-corporations-arent-people-campaign/feed/ 11     Unions sue against Wall Street bonuses http://overlawyered.com/2011/10/unions-sue-against-wall-street-bonuses/ http://overlawyered.com/2011/10/unions-sue-against-wall-street-bonuses/#comments Sun, 16 Oct 2011 02:09:44 +0000 Walter Olson http://overlawyered.com/?p=25154 The suit was just a political stunt, writes Marc Hodak:

    …Last week, the Delaware Chancery Court decided that in the absence of any substantiation whatsoever, and insisting on these things called facts, that they had to dismiss the case.

    I only wish that the fiduciaries who brought this fact-challenged suit could be held accountable for the far more provable waste of their investors’ resources…

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    ]]>     http://overlawyered.com/2011/10/unions-sue-against-wall-street-bonuses/feed/ 0     “Judge Blasts Lead Plaintiff’s Firm for ‘Epic Failures’ in Securities Case” http://overlawyered.com/2011/09/judge-blasts-lead-plaintiffs-firm-for-epic-failures-in-securities-case/ http://overlawyered.com/2011/09/judge-blasts-lead-plaintiffs-firm-for-epic-failures-in-securities-case/#comments Fri, 23 Sep 2011 12:51:03 +0000 Walter Olson http://overlawyered.com/?p=24737 “Bernstein Leibhard has been chastised by a federal judge for revealing after six years of lawyering that the lead plaintiff in a securities case never bought the funds at issue.” [Mark Hamblett, New York Law Journal]

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    ]]>     http://overlawyered.com/2011/09/judge-blasts-lead-plaintiffs-firm-for-epic-failures-in-securities-case/feed/ 2     “Free” help from securities class action lawyers http://overlawyered.com/2011/09/free-help-from-securities-class-action-lawyers/ http://overlawyered.com/2011/09/free-help-from-securities-class-action-lawyers/#comments Tue, 20 Sep 2011 05:07:24 +0000 Walter Olson http://overlawyered.com/?p=24702 Following murmurs about pay-to-play, South Carolina has turned down offers from local powerhouse Motley Rice and from Labaton Sucharow, whose attorneys had donated $12,000 to Attorney General Alan Wilson. [The State]

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    ]]>     http://overlawyered.com/2011/09/free-help-from-securities-class-action-lawyers/feed/ 0     “Devil’s Bargain: Wall Street and the Martin Act” http://overlawyered.com/2011/08/devils-bargain-wall-street-and-the-martin-act/ http://overlawyered.com/2011/08/devils-bargain-wall-street-and-the-martin-act/#comments Tue, 30 Aug 2011 11:15:11 +0000 Walter Olson http://overlawyered.com/?p=24354 My new op-ed at the New York Post looks at the history of Spitzer-to-Cuomo-to-Eric Schneiderman prosecutorial overreach and asks: how exactly did the New York Attorney General come to have so much power with so little constraint? (& welcome Instapundit, Real Clear Markets, Timothy Carney/Examiner, CEI readers)

    More: I and others have written about the act here and at Point of Law.

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    ]]>     http://overlawyered.com/2011/08/devils-bargain-wall-street-and-the-martin-act/feed/ 1     “Say on pay” litigation http://overlawyered.com/2011/08/say-on-pay-litigation/ http://overlawyered.com/2011/08/say-on-pay-litigation/#comments Mon, 01 Aug 2011 05:29:58 +0000 Walter Olson http://overlawyered.com/?p=24092 The endless ramifications of Dodd-Frank: lawsuits following nonbinding shareholder resolutions on executive pay should be interpreted not as expressions of shareholder discontent but as moneymaking ventures by certain sectors of the bar, argues T.K. Kerstetter at Board Member (via Bainbridge

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