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
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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
Attorney Steve W. Berman, managing partner and co-founder of Seattle-based Hagens Berman Sobol Shapiro LLP, was today named one of the 100 Most Influential Lawyers
A government database that has a main diet of complaints about consumer fraud is having to loosen its belt a notch these days. A record 2.1 million consumer
Annette Cary, Tri-City Herald - The federal government has negotiated a tentative settlement agreement in a whistleblower lawsuit accusing Fluor Hanford of
SFGate - Arkansas state employees who expose government waste and inefficiencies that lead to savings for the state will be entitled to a reward starting later
Gov. Mike Beebe on Friday signed into law a bill changing the state's whistleblower statute to include a reward for reporting fraud and abuse in government.
This complete story can be found on the SFGate website.
In 1935, Austrian physicist Erwin Schrödinger, a contemporary of Albert Einstein, postulated a thought experiment in which a live cat was placed inside a box.
In dangerous industries like nuclear power generation, airlines and railroads, Congress has recognized that public safety is at risk if employees don't report safety problems
The long-awaited trial of BP for the biggest U.S. offshore oil spill began on Monday, with governments, businesses and individuals blaming the company for
A former Morgan Stanley broker and whistleblower has revived his case against the firm, filing suit against it in a New Jersey federal court. The lawsuit, which also names
A new paper shows just how common it was for issuers of mortgage-backed securities to misrepresent the quality of the loans backing those bonds at the height of the
The head of the U.S. Anti-Doping Agency lobbied Attorney General Eric Holder for the Justice Department to join a whistle-blower lawsuit against Lance Armstrong on
The federal government once considered whistle-blowers a nuisance or worse. But over the past few years, that attitude has slowly started to change. More agencies have
Steve Berman has been ranked as one of the top lawyers in the nation in LawDragon's seventh annual LawDragon 500 guide. The list serves to recognize
A state whistleblower says construction problems on the new 520 floating bridge pose a "danger to public safety," and he's calling for a formal investigation
The Internal Revenue Service paid $125.4 million in whistleblower awards in fiscal year 2012, or about 21% of the $592.5 million it collected in previously unpaid taxes
JPMorgan Chase agreed to pay the fines to resolve allegations that it and Bear Stearns, which it acquired in 2008, misled investors about the quality of mortgage-backed
More than 4,000 former professional football players and their wives have filed a class action lawsuit against the National Football League, accusing the league of deliberately concealing
Yesterday, the Department of Justice held a listening session with representatives of the National Whistleblowers Center, American Civil Liberties Union, Government
Employee claims of retaliation have risen steadily on a year-to-year basis and recent government statistics suggest this is a continuing trend. The Occupational Safety
