Lead Plaintiffs in Securities Class Actions
Sep 22, 2018
In a securities class action, a Lead Plaintiff is most often a group or single shareholder that is selected by the court to represent the class and is usually the party with the most stake in the fina...
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What Is a Demand for Inspection of Books and Records Under Delaware Law?
Sep 18, 2018
Pursuant to 8 Del .C. § 220, stockholders of Delaware corporations the ability to inspect certain corporate books and records provided they have a "proper purpose" for seeking such materials. This sta...
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What Is a Shareholder Derivative Action?
Sep 17, 2018
A shareholder derivative action is an action maintained by a shareholder for the benefit of a corporation against a third-party, most often an insider of the corporation such as an executive officer o...
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What is a Lead Plaintiff in a Class Action Lawsuit?
Sep 15, 2018
The Lead Plaintiff in a class action lawsuit owes a fiduciary duty to the class, and must be capable of representing the interests of all the class members....
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Coupon Settlements Remain Acceptable Means to Resolve Class Litigation Even After Passage of CAFA
Sep 14, 2018
In a coupon settlement, class members receive coupons or other promises for products or services instead of a cash award. If appropriately structured, settlements remain a realistic, acceptable means ...
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Supreme Court Will Consider Viability of Cy Pres Awards Where Class Members Receive No Money
Sep 13, 2018
A previous article addressed cy pres awards given to charitable organizations where money remaining in the settlement fund after all class members have been paid. But what about cases in which there i...
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Cy Pres Awards in Class Action Settlements
Sep 12, 2018
Cy pres awards are funds given to charitable organizations in cases in which there is still money remaining in the settlement fund, even after all class members have been paid or the amount of the fun...
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What Is A Special Litigation Committee?
Sep 10, 2018
A special litigation committee ("SLC") is a committee appointed by a corporation's Board of Directors when challenged by a shareholder derivative action and is tasked with considering whether it is in...
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What is a securities class action?
Aug 23, 2018
A securities class action, or securities fraud class action, is a lawsuit filed by investors who bought or sold a company's securities within a specific period of time, referred to as a "class period,...
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How Do I Get Paid in a Class Action Settlement?
Jul 21, 2018
All Participating Class Members who submit valid and timely Claim Forms as described in the Notice of Class Action Settlement are entitled to receive settlement payments....
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