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New York Law Journal

Attorney of the Year Winner: Laura Posner of Cohen Milstein Sellers & Toll

A partner at Cohen Milstein, Posner has recovered billions on behalf of defrauded investors. Her cases include six of the top 100 securities fraud class action settlements of all time.
8 minute read

National Law Journal

2nd Circuit Tosses Securities Suit Against Ericsson Over Statements on Alleged Iraq Corruption

"Ericsson's Anti-Corruption Statements contained no such specificity that would transform any of those generalized statements from mere puffery to an actionable material misrepresentation," the appeals court wrote.
3 minute read

National Law Journal

Several Wall Street Law Firms See Work From SEC's Latest Enforcement Actions

Moody's Investors Service, which agreed to pay a $20 million civil penalty, turned to S&C partner Stephen Ehrenberg.
2 minute read

New York Law Journal

US Judge Tosses Lawsuit Accusing Elon Musk, Tesla of Rigging Dogecoin

"It's a very good day for Dogecoin," Musk attorney Alex Spiro of Quinn Emanuel Urquhart & Sullivan said in a statement.
2 minute read

Law.com

Starbucks Hit With Securities Suit Claiming 'Reinvention' Plan Was Oversold

A Starbucks shareholder has filed a securities class action in Washington federal court, claiming the coffee company misled investors on the expected success of its "Triple Shot Reinvention" strategy.
2 minute read

The Recorder

Cooley Hires Securities Litigation Partner in Los Angeles

William Pao joins the firm after more than 12 years with O'Melveny & Myers.
4 minute read

The Legal Intelligencer

High Stakes in High Court: Supreme Court to Clarify Securities Fraud Pleading Requirements for Falsity and Scienter

This June, the U.S. Supreme Court granted certiorari in two cases that will answer this question, NVIDIA v. E. Ohman J:or Fonder AB and Facebook v. Amalgamated Bank. These cases present the court with an opportunity to resolve significant circuit splits on pleading requirements under the Private Securities Litigation Reform Act of 1995 (PSLRA), a statute enacted to deter frivolous securities lawsuits and abusive litigation practices.
6 minute read

Connecticut Law Tribune

LoveSac Executives Hit With 3 Shareholder Derivative Lawsuits

"However, in reality, LoveSac's financial function was plagued by problems, which weakened the company's internal controls and made LoveSac's financial statements extremely vulnerable to inaccuracies," the complaint said.
3 minute read

New York Law Journal

SEC, Richard Heart Clash in Dueling Motions Over $1 Billion Unregistered Securities Litigation

"This case will go down in history as one of those cases that nobody saw coming, and it is very important," said Ishmael Green, a partner at Diaz, Reus & Targ who is not involved in the matter.
4 minute read

Texas Lawyer

Lawyers Assemble Across Country for Securities Class Action

The complaint filed Wednesday alleges an unexpected shakeup of the company's top executives on Sept. 13, 2023 caused Orthofix stock to fall by more than 30%.
3 minute read

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