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Legal ethics issues affecting funding of class actions, how funding affects ability to bring class actions and implications for settlement values
By Marianna Wharry | April 17, 2024
Karen K. Caldwell, the chair of the Judicial Panel on Multidistrict Litigation and a district judge for the U.S. District Court for the Eastern District of Kentucky, issued the order on behalf of the six-judge panel and said centralization is currently not necessary for the convenience of the parties and witnesses in order to conduct the litigation.
3 minute read
By Avalon Zoppo | April 16, 2024
"It seems to us that, as an investor in Akorn whose shares' value was affected by the merger and the mootness fees, Frank has a claim in common with the main action; how could it be otherwise?" Judge Frank Easterbrook wrote for the court.
5 minute read
By Adolfo Pesquera | April 16, 2024
In effect, the defendants' cartel is a "per se unlawful restraint of trade" under state antitrust and competition laws, the complaint alleges.
4 minute read
By Adolfo Pesquera | April 16, 2024
In effect, the defendants' cartel is a "per se unlawful restraint of trade" under state antitrust and competition laws, the complaint alleges.
4 minute read
By Amanda Bronstad | April 15, 2024
In March, according to Law.com Radar's data, there were 42 antitrust class actions filed, 71% higher than the average monthly rate over the previous 12 months.
5 minute read
By Colleen Murphy | April 15, 2024
"Here, plaintiff fails to allege what parties are bound in contract to each other and which party plaintiff gave his PII to for safekeeping," the judge said. "Absent these allegations, the complaint fails to state a claim for breach of contract under a third-party beneficiary theory or otherwise."
4 minute read
By Justin Henry | April 15, 2024
April Nelson Ross and Rachel Raphael are based in Washington, D.C., and Mohamed Awan is based in Chicago.
3 minute read
Delaware Business Court Insider
By Ellen Bardash | April 11, 2024
The two complaints mirror each other, with each citing the same Delaware case law and bringing two breach of fiduciary duty claims—one alleging disclosure violations and the other that board members are using the plans as a means of entrenching themselves.
4 minute read
By Amanda Bronstad | April 11, 2024
"This mass tort is going to end up being one of the most important litigations in recent history," said R. Brent Wisner, a partner at Wisner Baum.
3 minute read
By Aleeza Furman | April 11, 2024
"The court got it right the first time, but we're pleased that the court took the time to write a thorough opinion that will undoubtedly be cited in future fee motions filed within the Third Circuit," co-lead plaintiffs counsel Benjamin Johns, with Shub & Johns, said.
4 minute read
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