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Rule Changes for Class Actions Clear Hurdle
The U.S. Judicial Conference has unanimously accepted proposed changes to Federal Rule of Civil Procedure 23, which governs the handling of class actions. One important change would allow judges to reject a proposed settlement unless class members are given a second chance to request exclusion from the class after the settlement terms are known. If accepted by the U.S. Supreme Court and Congress, the amendments would go into effect on Dec. 1, 2003.Strict Interpretation Eschewed
Three commercial law cases this term highlighted the Court's refusal to be bound by restrictive interpretations of contractual or statutory language. Instead, the Court turned its focus to discerning intent.View more book results for the query "*"
Federal Judge Certifies Class Action ERISA Suit Against Comcast
A federal judge has certified a class action ERISA suit against Comcast in which employees of the cable TV giant claim they suffered losses in the company stock fund because it was heavily invested in Comcast stock during a period when its price was falsely and knowingly inflated by company executives. Nearly identical accusations were lodged in an unsuccessful securities fraud suit by outside investors. Now, the judge from that case has ruled that similar claims by employees are subject to a less exacting standard.Dolan v. Axis Capital Holdings Ltd.
Small Investors Appointed as Co-Lead Plaintiffs In Consolidated Securities Fraud Class ActionsLessons Learned From WikiLeaks: How to Avoid Becoming the Next Target
Every in-house lawyer is now familiar with (and somewhat terrified of) WikiLeaks. Here are ways they can keep the bull's-eye off their company's back ...• ALSO SEE: Pfizer CEO Out, Now WikiLeaks Chiming In • WikiLeaks Cyberbrawl: Is This Amateur Hour? • Visit Corporate Counsel's WikiLeaks CenterTrending Stories
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