F-Cubed Securities Class Actions Put to the Test Today the Supreme Court will hear argument in Morrison v. National Bank of Australia. The case centers on so called “F-Cubed” securities class actions. As Ashby Jones, of the Wall Street Journal Law Blog explains “the term “F-Cubed” refers to securities class action cases that are largely … [Read more...]
Ecuador Class Action Plaintiffs Strike Back at Chevron's Cynical Game of Musical Jurisdictions
The arc of the moral universe is long but it bends toward justice — Martin Luther King, Jr. The seventeen-year war between Ecuador’s 30,000 class plaintiffs against oil giant Chevron continues its global odyssey, as the oil giant pulls out every trick in the book to avoid an impending $27 Billion judgment against it in Ecuador for contaminating an immense … [Read more...]
Why the European Union Should Allow Class Action Lawsuits
American innovation spawned the personal computer, the internet and the Ipod. All radically changed the way the world accessed information. Under a proposed EU Directive, another American innovation—the class action lawsuit—may radically change the way EU consumers' access justice. Under the proposal presented by the EU Commission, consumers who suffer … [Read more...]
What Do Halley's Comet and "F-Cubed" Securities Class Action Trials Have in Common?
***Update January 29, 2010*** "The jury in the long-running securities class action lawsuit against Vivendi has resulted in a verdict against the company on all 57 of the plaintiffs' claims. However, the jury also found that the two individual defendants, former Vivendi CEO Jean Marie Messier and former Vivendi CFO, were not liable. The jury’s verdict reached only … [Read more...]
Are You Really The Master of Your Own Domain? Class Action Lawsuit Says No.
Our firm recently filed a class action lawsuit. You can read about the class action on CNBC here and in the ABA Journal article Shill Bids for Domain Names Made by Auction Company Exec, Suit Alleges. You can also find the story on PCWorld in the article Domain Auction Site Face Shill Bidding Lawsuit and in the National Law Journal in this article. The class … [Read more...]