A federal judge in San Francisco certified a nationwide class of investors in a securities fraud case against Alphabet Inc. and Google CEO Sundar Pichai, allowing the case to proceed to trial on allegations that Google’s advertising auctions favored the Fac...
A federal judge in Manhattan denied both sides’ motions to preclude expert testimony in the government’s fraud case against former Western Asset Management trader S. Kenneth Leech II, allowing sophisticated statistical analyses of his Treasury futures and o...
Three nationwide shareholder derivative lawsuits alleging insider trading and false statements regarding Fiserv Inc.’s Clover product will be consolidated into a single lead case in the Eastern District of Wisconsin.
The Securities and Exchange Commission has eliminated its longstanding policy requiring defendants in enforcement actions to agree not to publicly deny allegations, a move Chairman Paul Atkins said ends the prohibition on criticism of the government.
A federal judge in Manhattan ruled that sophisticated statistical analyses of a former Western Asset Management trader’s allocation decisions are admissible, rejecting defense arguments that the methods were unreliable or invaded the jury’s role.
A Northern California federal judge appointed two investors with the largest alleged losses as lead plaintiffs in a securities class action accusing Picard Medical of facilitating a social media pump-and-dump scheme.
U.S. District Judge Paul A. Engelmayer scheduled oral argument for July 15 on pending summary judgment motions action against Coinbase Global Inc.
A federal judge in Manhattan dismissed a derivative lawsuit accusing Morgan Stanley Smith Barney of manipulating an Israeli tech company’s stock price through a temporary trading ban, ruling the claims were meritless and time-barred.
A federal judge in Manhattan denied cross-motions to exclude expert testimony in the government’s fraud case against former Western Asset Management trader S. Kenneth Leech, II, allowing both sides to present statistical analyses of his fixed-income trading.
A federal judge denied cross-motions to exclude expert testimony case against a former Western Asset executive, allowing both sides to present sophisticated statistical analyses of trade allocation to a jury.
A federal judge disqualified institutional investors and a state board as lead plaintiffs in the Kyndryl securities class action due to unique defenses related to their trading patterns, appointing a union pension trust instead.
A federal district court in New York has ordered a hearing to discuss next steps after the Second Circuit vacated a prior judgment in a mortgage-backed securities case involving Ocwen Financial Corporation.
A federal judge in Manhattan entered a default judgment against Marc Lawrence in a securities fraud lawsuit, ruling that his failure to respond to a court order warranted the entry of default on counts alleging fraud and fraudulent inducement.
U.S. District Judge Gregory H. Woods denied all Daubert motions in the government’s securities and commodities fraud case against former Western Asset Management trader S. Kenneth Leech II, ruling that sophisticated statistical analyses of his Treasury futu...
A magistrate judge split the difference between the parties' positions, ruling that plaintiffs' decision to hand over one investigator memo at a deposition opened the door to related records — but not every witness file.
A Manhattan federal judge dismissed securities fraud claims brought by 11 retail investors against Coinbase and its CEO Brian Armstrong over the 2022 collapse of Wrapped LUNA, holding the claims were filed more than a year past the statute of limitations.
A federal judge in Manhattan allowed both sides to present statistical expert testimony trial of a former Western Asset Management executive, while warning experts against opining on the defendant’s mental state.
A Delaware federal judge dismissed a securities class action against industrial chemical maker Chemours, ruling that plaintiffs failed to plead material misrepresentations regarding the company's Free Cash Flow metrics.
The Securities and Exchange Commission proposed rule changes that would allow public companies to file semiannual reports instead of quarterly filings, aiming to reduce regulatory rigidity in capital markets disclosure.
Two competing lead-plaintiff groups resolved their dispute over a securities-fraud lawsuit against PomDoctor, Ltd. by agreeing to serve together.