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HTMLCosts Principles in Class Actions are Not Asymmetrical
David Di Paolo, Margot Finley; Borden Ladner Gervais LLP;
Legal Alert/Article
June 1, 2015, previously published on March 20, 2015
In the recent case of Fischer v. IG, 2015 ONSC 2491, the Divisional Court has settled any debate as to whether s. 31(1) of the Class Proceedings Act, 1992, S.O. 1992, c. 6 (“CPA”) is intended to apply asymmetrically in favour of plaintiffs; it is not.

 

HTMLFailure to Obtain Required Retailer Approval Scuttles Target-MasterCard Data Breach Settlement
Mintz Levin Cohn Ferris Glovsky Popeo P.C.;
Legal Alert/Article
May 29, 2015, previously published on May 26, 2015
Target’s attempt to resolve claims of MasterCard-issuing banks through a $19 million private settlement with MasterCard has been terminated for failure of issuers of 90% of the affected cards to accept the settlement by the Wednesday, May 20 acceptance deadline. Press reports on Friday, May...

 

HTMLJudge in Target Data Breach Litigation Declines to Block MasterCard Settlement
Mintz Levin Cohn Ferris Glovsky Popeo P.C.;
Legal Alert/Article
May 22, 2015, previously published on May 8, 2015
Senior U.S. District Court Judge Paul Magnuson issued an order on Thursday, May 7 denying a request by counsel for card issuer banks to enjoin the settlement of data breach related claims negotiated between Target and MasterCard. As we have previously reported, the proposed settlement would...

 

HTMLMotion to Sever Denied as Opt Out Alternative by Judge Swain of the Southern District of New York
Joel D. Rothman; Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.;
Legal Alert/Article
May 21, 2015, previously published on May 14,
On March 19, 2015, in what can be characterized as terse and sternly worded Memorandum Order (the “Order”), Judge Swain of the Southern District denied a Motion to Sever Individual Claims (the “Motion to Sever”) filed by three funds managed by D. E. Shaw & Co (the...

 

HTMLClass Action Recovery - A Changing Landscape
Peter M. Saparoff; Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.;
Legal Alert/Article
May 21, 2015, previously published on May 14, 2015
In the context of our representation of institutional investors, our experience reveals that they have been confronting an increasingly difficult process in recovering their losses from alleged violations of securities laws.

 

HTMLNLRB Holds Firm on its View that Class/Collective Action Waivers in Arbitration Agreements Violate the NLRA
Mintz Levin Cohn Ferris Glovsky Popeo P.C.;
Legal Alert/Article
May 21, 2015, previously published on May 11, 2015
Despite overwhelming judicial disapproval, the NLRB simply will not relent in its view that mandatory arbitration agreements containing class/collective action waivers violate the National Labor Relations Act.

 

HTMLData Breach Class Action Plaintiffs Lack Standing
Sutherland Asbill Brennan LLP;
Legal Alert/Article
May 18, 2015, previously published on May 15, 2015
A federal court in New Jersey is the latest in a series of courts to dismiss a putative data breach class action due to plaintiffs’ failure to adequately plead standing. In re Horizon Healthcare Services, Inc. Data Breach Litigation, No. 2:13-cv-07418-CCC-JBC (D.N.J. Mar. 31, 2015).

 

HTMLThe Preliminary Merits Test for Secondary Market Claims is Not Just a ¿Speed Bump¿ to Certification: The Supreme Court of Canada Clarifies the Test with its Decision in Theratechnologies Inc. v. 121851 Canada Inc.
David T. Neave, Rebecca R. von Rüti; Davis LLP;
Legal Alert/Article
May 12, 2015, previously published on May 5, 2015
Following amendments made in the last decade to various provincial Securities Acts to include statutory causes of action in the secondary market against public issuers for misrepresentation and/or failure to make timely disclosure to investors there has been ongoing debate about the appropriate...

 

Adobe PDFReflective Loss, Trusts and Australian Class Action Settlements
John Emmerig, Greta Gingell, Michael Legg; Jones Day;
Legal Alert/Article
May 8, 2015, previously published on April 2015
In 2008, the value of units of the MFS Premium Income Fund (the “Fund”), a property trust, diminished in value following the tightening in credit markets as a result of the global financial crisis.

 

HTMLSprint Settles for $131 Million in Shareholder Class Action
Motley Rice;
Legal Alert/Article
May 7, 2015, previously published on April 9, 2015
On March 30, 2015, Motley Rice attorneys, along with co-counsel, helped secure a $131 million settlement with Sprint for institutional investors. The plaintiffs - United Steelworkers' Pace Industry Union-Management Pension Fund, Skandia Mutual Life Insurance Company and the West Virginia Investment...

 


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