- “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]
Posts Tagged ‘securities litigation’
January 18 roundup
- 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]
The “corporations aren’t people” campaign
Neither Stephen Bainbridge nor Larry Ribstein is particularly impressed by it.
Unions sue against Wall Street bonuses
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…
“Judge Blasts Lead Plaintiff’s Firm for ‘Epic Failures’ in Securities Case”
“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]
“Free” help from securities class action lawyers
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]
“Devil’s Bargain: Wall Street and the Martin Act”
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.
“Say on pay” litigation
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
Cordray to CFPB
It appears President Obama “will nominate former Ohio Attorney General Richard Cordray to be the first director of the Consumer Financial Protection Bureau (CFPB),” according to my colleague Mark Calabria, who recounts Cordray’s mixed record on topics of business litigation (he withdrew an abusive lawsuit against lead-paint manufacturers, while also campaigning against foreclosures). Earlier coverage here.
P.S. Daniel Fisher at Forbes reports that securities class action lawyers appear to adore Cordray, to judge from his campaign finances. John Berlau finds him inclined toward heavy-handed regulation, while Neil Munro wonders about his data privacy defense record.
Trawling for shareholder class-action clients
Dan Fisher notes a flurry of press releases from law firms following the decision by the board of directors of Lubrizol to accept an offer from Warren Buffett. “Never mind that the $148-a-share offer is a 41% premium to Friday’s closing price and 64% above its 1-year moving average of $90.” [Forbes]