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Put This In Your Pipe: Supreme Court Rules 9-0 That American Pipe Tolling Does Not Permit Filing Of Serial Class Actions Beyond The Statute Of Limitations
Today, the Supreme Court analyzed the shortcomings of this possibility and unanimously snuffed out serial class action tolling.
United States
13 Jun 2018
Second Circuit Martoma Ruling, Affirming Tippee's Conviction, Backtracks on Newman, and Adds Yet More Uncertainty to Ever-Evolving Insider Trading Law
Last week's dueling opinions in the Second Circuit in United States v. Martoma – Chief Judge Katzman's 37-page majority opinion and Judge Pooler vigorous 44-page dissent – once again transformed insider trading law, in the aftermath of last December's Salman decision in the U.S. Supreme Court, by modifying, if not overruling the circuit's prior decision in United States v. Newman.
United States
30 Aug 2017
SCOTUS Holds American Pipe Tolling Does Not Apply To Securities Class Action Opt-Out Claims Filed Outside Repose Period: Calpers V. ANZ Securities, Inc.
We have blogged about the evolution and application of the American Pipe tolling rule, as further expanded by Crown Cork...
United States
10 Jul 2017
Ninth Circuit Expands American Pipe Tolling To Subsequent Securities Class Action By Unnamed Class Members, But Leaves Related Comity And Issue Preclusion Questions For Another Day
The Ninth Circuit in Resh v. China Agritech, Inc., No. 15-55432, 2017 WL 2261024 (9th Cir. May 24, 2017), revived the third successive putative shareholder class action against a fertilizer manufacturer...
United States
15 Jun 2017
Post-Daimler: Are Non-U.S. Companies Safe From Suit In U.S. Courts? What If The Non-U.S. Parent Registers To Do Business In A State?
For decades, U.S. courts have been preferred venues for plaintiffs' lawyers seeking to sue non-U.S. companies.
United States
17 Aug 2016
New Federal Drone Regulations Leave Unanswered Questions
The Federal Aviation Administration Extension, Safety, and Security Act of 2016 ("FAA Reauthorization") was signed into law July 15.
United States
12 Aug 2016
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