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New York Law Journal

City Pension Funds Join Wynn Resorts Sexual Harassment Derivative Suit

Last month New York State Comptroller Tom DiNapoli announced the state's pension funds were suing Wynn Resorts over its handling of sexual harassment allegations against its former CEO, Steve Wynn.
2 minute read

Daily Business Review

The US Supreme Court Just Opened the Gates to Filing Crypto Class Actions in State Courts

A U.S. Supreme Court decision could make state courts the favored venue for federal securities class claims against crypto token issuers, writes attorney Justin Wales.
5 minute read

Litigation Daily

Daily Dicta: Ted Olson Says No; Lindsay Lohan Says Yes; Keker Wins Big

Ted Olson turns down Donald Trump; Lindsay Lohan touts Lawyer.com and Keker Van Nest beats back an $800 million securities fraud class action against venture capital firm Kleiner Perkins.
9 minute read

The Recorder

In Wake of Cambridge Analytica Saga, Class Actions Roll in Against Facebook

The social media giant was hit with a pair of class action lawsuits Tuesday in U.S. District Court for the Northern District of California.
3 minute read

New York Law Journal

UBS to Pay $230M to Settle Pre-Housing Bust Misconduct Claims by NY AG

AG Eric Schneiderman's office said the bank knowingly sold toxic residential mortgage-backed securities in the lead up to the housing crisis.
2 minute read

Daily Business Review

BBX Defeats Shareholder Lawsuit in Case That Could Trim Merger Litigation

The Fourth District Court of Appeal strikes a shareholder suit challenging BFC Financial's acquisition of BBX.
3 minute read

Delaware Business Court Insider

Is Stockholder Litigation in Trouble in Delaware? An Update

A series of recent Delaware court decisions have caused some plaintiffs law firms to decide stockholder litigation should no longer be filed in the Delaware courts.
1 minute read

The Recorder

SCOTUS Says Securities Class Actions Can Stay in State Court

Justice Elena Kagan wrote for a unanimous court that the 1998 Securities Litigation Uniform Standards Act did not strip state courts of jurisdiction over certain investor class actions.
4 minute read

New York Law Journal

Highest NY Court to Hear AG's $11 Billion Lawsuit v. Credit Suisse Over Mortgage-Backed Securities

On Wednesday, the state's Court of Appeals will hear oral arguments in the case 'People v. Credit Suisse Securities', which stems from a 2012 lawsuit Schneiderman filed charging that the Swiss international bank misrepresented the risks of residential mortgage-backed securities to investors in 2006 and 2007. Those securities helped spur the 2008 financial crisis.
3 minute read

Daily Report Online

Public Notification of Data Breaches: Between a Rock and a Hard Place

Two Parker Poe attorneys write that they believe 2018 will see a growing emphasis on disputes arising from corporations' delays in notifying the public, the affected individuals and regulatory bodies about their breaches.
6 minute read

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