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What Does Ascertainability Really Mean for Class Actions?
In Pennsylvania federal court, a recent spate of decisions on whether class actions could move forward have hinged on the factor of ascertainability, which at a minimum requires a showing that prospective class members are readily identifiable.
Shaev v. Adkerson, DeFAX Case No. D66716 (Del. Ch. Oct. 5, 2015) Noble, V.C. (34 pages).
Publication Date: 2015-11-05 Practice Area:
Industry: Court: Delaware Court of Chancery Judge: Attorneys: For plaintiff: For defendant: Case number: D66716
Chancery Court Tosses Shareholder Claims in Freeport-McMoRan Case
The Delaware Court of Chancery has dismissed direct and derivative claims filed by a Freeport-McMoRan Inc. investor alleging the mining and energy company improperly issued its CEO $35 million in stock.
Chancery Sets Aside 'Insider' Objection to Sale of Company
The acquisition of a leading brand development company by a competitor has been approved by Delaware Court of Chancery Vice Chancellor J. Travis Laster after he ruled that a father-and-son pair of insider directors did not breach any fiduciary duties owed to stockholders.
Chancery Sets Aside 'Insider' Objection to Sale of Company
The acquisition of a leading brand development company by a competitor has been approved by Delaware Court of Chancery Vice Chancellor J. Travis Laster after he ruled that a father-and-son pair of insider directors did not breach any fiduciary duties owed to stockholders.
Wal-Mart Asks Third Circuit to Holster Gun Sales Proposal
Gibson Dunn's Ted Boutrous and Delaware shareholder lawyer Joel Friedlander will square off Wednesday over an unusual proxy proposal challenging Wal-Mart's sales of high capacity guns and other potentially "offensive" products.
Wal-Mart Asks Third Circuit to Holster Gun Sales Proposal
Gibson Dunn's Ted Boutrous and Delaware shareholder lawyer Joel Friedlander will square off Wednesday over an unusual proxy proposal challenging Wal-Mart's sales of high capacity guns and other potentially "offensive" products.
Judge Trims 'Unreasonably High' Requested Fee Award
A federal judge on Tuesday awarded $28.5 million in fees to plaintiffs lawyers who negotiated a settlement with underwriters of IndyMac mortgage-backed securities, but only after questioning how long the lawyers worked on the case and cutting a substantial slice from their "unreasonably high" requested award.Trending Stories
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