Law

Adverse Interest Exception Not Applied in Securities Class Action

On Oct. 23, the U.S. Court of Appeals for the Ninth Circuit decided the following issue of first impression: Whether, when assessing the pleading adequacy of a securities class action complaint's ...
Law

Expanding the Scope of 'Securities-Related' Exception to the Class Action Fairness Act

In Krasner v. Cedar Realty Trust, et al., — F.4th –, 2023 WL 7517017 (2d Cir. Nov. 14, 2023), the U.S. Court of Appeals for the Second Circuit considered whether the securities-related exception to ...
JD Supra

Inherently Transitory Exception to Save Transgender Inmate Putative Class?

Mootness, as one of the big three justiciability requirements, is a jurisdictional requirement on which judges do not normally postpone adjudication. But in a recent putative class action of ...
JD Supra

Seventh Circuit Addresses Mandatory Local Controversy Exception to the Class Action Fairness Act

Since its enactment in 2005, the Class Action Fairness Act (CAFA) has provided defendants with additional opportunities to remove state-law claims to federal court. Among other things, the statute ...