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April 23, 2008
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Weekly Roundup
 Hot
Case
- Blackstone IPO
- Suit brought by Coughlin Stoia
- Claims that IPO registration statement failed to
disclose that Blackstone's portfolio companies were not performing well and were
of declining value
Circuit
court appeals
- Appeal to Eight Circuit
- Supplemental briefs filed
- Appeal to Eight Circuit
- Supplemental briefs filed
District
court
opinions - Motion to dismiss
- Motion to dismiss denied in part, granted in
part
- Claims based on inclusion of explicit scenes in
Grand Theft Auto video games
- Claims based on option backdating
Recent
briefs - Motion to dismiss
- Earnings guidance -
Plaintiff opposition
brief
- Foreign company -
Plaintiff opposition
brief
- Business disclosures -
Plaintiff opposition
brief
Other
recent briefs
- Securities Act claims - Motion for
reconsideration -
Defendant opposition briefs
Settlement
Recent
briefs - Appointment of lead plaintiff
Mortgage
lending cases - Amended complaints
- Filed following lead plaintiff appointment:
Recent
briefs - Appointment of lead plaintiff
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April 17, 2008
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Weekly Roundup
Circuit
court opinions
- Seventh Circuit affirms USDC ND Illinois dismissal
over
lack of scienter
- Allegations were based on inflated circulation
figures for Tribune newspapers
- Cited as supplemental authority in Guidant
District
court
opinions - Motion to dismiss
- Motion to dismiss granted, with leave to amend
- Plaintiffs failed to plead
scienter for claims based on option backdating
Other
district court
opinions
- Denies motion for reconsideration of lead
plaintiff appointment
Recent
briefs - Motion to dismiss
- Financial restatement -
Plaintiff opposition
brief
- Foreign company -
Defendant motion to dismiss
- Business disclosures - Medical device -
Defendant reply briefs
- Business disclosures -
Defendants reply briefs
- Adverse FDA action -
Plaintiff opposition brief
- Adverse FDA action -
Defendant reply brief
- Option backdating -
Plaintiff opposition brief
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April 10, 2008
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Weekly Roundup
District
court
opinions - Motion to dismiss
- Option backdating
- Motions to dismiss are granted in part, denied
in part
- Financial restatement - Revenue recognition
- Company motion to dismiss denied
- KPMG motion to dismiss granted
- Option backdating
- Company and KPMG motions to dismiss granted
Other
district court
opinions
Recent
briefs - Motion to dismiss
- Business disclosures - Earnings guidance -
Confidential witnesses -
Plaintiff opposition brief
- Business disclosures - Earning guidance -
Company motion to dismiss
- Earnings guidance -
Defendants reply briefs
- Earnings guidance -
Plaintiff opposition brief
- Subprime mortgage lending -
Defendant reply brief
- Business disclosures -
Plaintiff opposition briefs
- Financial restatement
Company/auditor motions to dismiss
Other
recent
briefs
- Foreign company - Business disclosures
- Lead plaintiff appointment -
Motion for
reconsideration - Reply brief
- Business disclosures - Earnings disclosures
- Plaintiffs seek to amend the court's judgment
in order to file an amended complaint
- Court previously granted granted defendants'
motion to dismiss
- Defendants have filed a reply brief
- Option backdating - Financial restatement
- Motion to certify class
- Financial restatement
- Motion to compel document production from KPMG
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April 2, 2008
SEC_CODE_REF_0090001192884
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Weekly Roundup
Circuit
court opinions
- Eight Circuit affirms USDC Minnesota dismissal
over
lack of scienter
District
court
opinions - Motion to dismiss
- Motion to dismiss granted, with leave to amend
- Plaintiffs failed to plead materiality and
scienter
- Motion to dismiss granted in part, with leave to
amend
- Except with regard to one press release,
plaintiff's claims have "multiple deficiencies"
- Motions to dismiss granted
- M&A-related securities litigation
Other
district court
opinions
- Motion to certify class granted
- ... but not to include foreign investors who purchased shares on a foreign exchange
- ... class
period not to include the "quiet period" that followed the IPO at issue
- Motion to lift PSLRA stay granted
- To allow service of document preservation
subpoenas
Recent
briefs - Motion to dismiss
- Option backdating -
Plaintiff opposition brief
- FDA product recall -
Plaintiff opposition brief
- M&A disclosures -
Defendant reply briefs
- Earnings guidance -
Plaintiff opposition brief
- Disclosures -
Plaintiff opposition brief
- Financial restatement -
Plaintiff opposition
brief
- Financial restatement -
Defendant motion and
brief
- Disclosures -
Defendant motion and brief
Other
recent
briefs
- Lead plaintiff appointment -
Motion for
reconsideration - Opposition brief
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Related Topics
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