The new chief executive of Tesco, Dave Lewis, said on Monday September 22, 2014 that a £1.1bn estimate of first-half profit, issued less than a month ago, had been overstated by £250m. The stock
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If you stay abreast of the most recent Supreme Court news, you'd think that securities-fraud class actions were in grave danger. Every so often, authorities posit that the
The Supreme Court ruled on June 23rd in Halliburton, upholding the Fraud on the Market theory, but allowing Defendants to rebut the presumption
"There is a tide in the affairs of men. Which, taken at the flood, leads on to fortune. Omitted, all the voyage of their life is bound in shallows and miseries... We must take the current when it serves or lose
Recently a securities fraud class action complaint was filed against Cooper Tire & Rubber Company (NYSE: CTB) covering purchasers of CTB stock from 06/12/13 to 11/08/13. The deadline for
Local governments that are less than forthcoming in their bond offering documents open themselves to prosecution by the Securities and Exchange Commission
Retired Football Hall-of-Famers Fight for Publicity Rights in NFL Lawsuit Ten accomplished NFL players, including five Hall-of-Famers, have filed a lawsuit against
At Hagens Berman, we specialize in providing ongoing protection for investors whose portfolios have suffered losses from fraud by malfeasance of publicly traded
At Hagens Berman, we specialize in providing ongoing protection for investors whose portfolios have suffered losses from fraud by malfeasance of publicly traded
Born during the Depression, my early mentor in securities litigation once lamented, "I hate good times; good times hide fraud." Accordingly, at the beginning
In the comedy film "Dumb and Dumber," the two main characters, played brilliantly by Jim Carrey and Jeff Daniels, trek across the country to return a briefcase they believe
In the comedy film "Dumb and Dumber," the two main characters, played brilliantly by Jim Carey and Jeff Daniels, trek across the country to return a briefcase that
In a unanimous opinion in Gabelli v. Sec. & Exch. Comm'n, No. 11-1274 (U.S. Feb. 27, 2013) the U.S. Supreme Court held that the five-year limitations period that governs S.E.C. enforcement actions begins
Late last year, the 2nd U.S. Circuit Court of Appeals in New York ruled against Goldman Sachs in its attempt to limit those represented in MBS class actions. The Court ruled that a union pension fund appropriately
In a 6-3 decision in February, the Supreme Court ruled for investors in the class-action case Amgen Inc. v. Connecticut Retirement Plans and Trust Funds, No. 11- 1085. The question in the case was
In one of the most stinging criticisms of the Securities and Exchange Commission (S.E.C.) in recent years, Columbia University Professor John C. Coffee, Jr., has now called upon the S.E.C. to hire plaintiffs
Sometimes the federal securities laws are simply inadequate. This is especially true when the lawyers, auditors or bankers – the gatekeepers – turn a blind eye. Under the federal securities laws, aiders
Reminiscent of the Supreme Court's decision in Morrisson v. National Australia Bank, we are disappointed by the Southern District of New York's recent decision narrowly reading the Securities Exchange
Materiality Need Not Be Proven at Class Certification Stage In a 6-3 decision in February, the Supreme Court ruled for investors in the class-action case Amgen Inc. v. Connecticut Retirement Plans and Trust Funds, No. 11- 1085. The question in the case was whether plaintiffs in securities fraud cases should be required to prove that the defendant had made a material misstatement be
Many clients have investments tied to Libor, which was allegedly manipulated by the big banks over the last several years. Many who suffered losses from this well-reported and seemingly well-documented