Securities Litigation Year in Review 2011

02/03/2012

The Haynes and Boone Securities Litigation Year in Review 2011 outlines Supreme Court decisions and rulings from Circuit and District Courts that affect securities class action cases, including class certification issues.

2011 was a remarkable year in the world of securities class actions, with notable decisions from the Supreme Court, and a number of interesting rulings from Circuit and District Courts as well. The Supreme Court issued three decisions covering important merits-related and class certification-related issues in securities class actions, following two significant securities decisions in 2010. Three of these five decisions from the last two years could be characterized as “plaintiff-friendly” - from a Supreme Court generally considered to be “pro-business.” Although the numbers may vary among Circuits, the overall pace of securities class action filings will likely continue unabated. NERA’s year-end review projects 232 securities class action filings in 2011, broadly in line with levels observed over the past three years.

2011 was a busy and successful year for Haynes and Boone’s Securities Class Action Defense and Shareholder Litigation Practice Group. Our team spent the year defending claims arising out of the collapse of a hedge fund, lawsuits challenging M&A transactions, auction rate securities claims, and derivative litigation claiming breaches of fiduciary duty by directors. In addition, lawyers in our group continued to leverage our class action defense experience in representing clients facing class actions in the consumer, mass-tort, and other contexts.

To read the publication, click on the PDF linked below.

PDF - Securities_Litigation_Year_in_Review_2011.pdf

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