Legal Departments' Class Action Risks Poised to Escalate in 2023: The Morning Minute
Want to get this daily news briefing by email? Here's the sign-up. WHAT WE'RE WATCHING ANOTHER ACTION-PACKED YEAR - Driven largely by opioid…
January 05, 2023 at 06:00 AM
4 minute read
Want to get this daily news briefing by email? Here's the sign-up.
WHAT WE'RE WATCHING
ANOTHER ACTION-PACKED YEAR - Driven largely by opioid litigation against the pharmaceutical industry, class action settlements rose to unprecedented levels in 2022, a new report published by Duane Morris found. Class actions and government enforcement lawsuits against opioid manufactures, retailers and distributors rang up more than $50 billion in settlements last year, according to the Duane Morris Class Action Review, which draws conclusions from the hundreds of rulings in the last year. But, as Law.com's Hugo Guzman reports, the more important takeaway from the report is what all this signals about the year ahead. "As success often begets copy-cats, corporations can expect the plaintiffs' class action bar will be equally if not more aggressive in their case filings and settlement positions in 2023," the report concludes.
DATA RETENTION TENSION - As many law firms now face tighter budgets coupled with bigger threats of breaches, proliferating data privacy laws and growing regulators' scrutiny, putting in place thorough data retention policies is becoming vital. But, as Law.com's Cassandre Coyer reports, many firms have only just begun the journey down the long and winding road of implementation. Dana Miller, associate director of legal solutions at QuisLex, attorney and e-discovery consultant noted that the focus on data retention policies has been growing, driven in part by the advancements in data privacy laws as well as the increase in potential data breaches. But so too have data retention challenges. "There is a wide range of where people are on the spectrum between not having one [retention policy] at all and being very on top of it. And most people, most firms, most companies are falling somewhere in the middle," Miller said.
ON THE RADAR - The Center for Biological Diversity, a nonprofit conservation organization, sued the Department of Homeland Security and the Federal Emergency Management Agency (FEMA) on Wednesday in District of Columbia District Court under the Freedom of Information Act. The lawsuit seeks all records related to FEMA's spending on energy projects, including funding for fossil fuel-related projects as compared to renewable energy alternatives. Counsel have not yet appeared for the defendants. The case is 1:23-cv-00011, Center For Biological Diversity v. Federal Emergency Management Agency et al. Stay up on the latest deals and litigation with the new Law.com Radar.
EDITOR'S PICKS
Holland & Knight Announces Merger With Nashville's Waller Landsen By Alexander Lugo |
Lawyers Gear Up for Boom in Semiconductor-Related Work Thanks to CHIPS Act By Christine Schiffner |
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllPayPal Faces New Round of Claims; This Time Alleging Its 'Honey' Browser Extension Cheated Consumers
Free Microsoft Browser Extension Is Costing Content Creators, Class Action Claims
3 minute readDivided State Supreme Court Clears the Way for Child Sexual Abuse Cases Against Church, Schools
The Week in Data Feb. 3: A Look at Legal Industry Trends by the Numbers
Law Firms Mentioned
Trending Stories
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250