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United States: Securities Litigation Defense Implications From The Supreme Court's Amgen Opinion - Jones Day

On February 27, 2013, the Supreme Court ruled in Amgen, Inc. v. Connecticut Retirement Plans and Trust Funds, No. 11-1085, that plaintiffs in a federal securities fraud action need not prove the materiality of an alleged misrepresentation to certify a class under the fraud-on-the-market theory.        

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United States: Supreme Court Holds That Plaintiff Whose Individual Claims Were Mooted By An Offer Of Judgment Lacks Standing To Maintain FLSA Collective Action - Mayer Brown

The Fair Labor Standards Act of 1938 permits an employee to file a "collective action" for damages against an employer individually and on behalf of other "similarly situated" employees who later choose to join the lawsuit.        

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United States: Class Action Issues In Supreme Court: Assessing The Significance Of "Amgen" - Cadwalader, Wickersham & Taft LLP

During the current term, the Supreme Court heard or will hear a number of cases bearing on a plaintiff's ability to successfully bring and maintain federal class action lawsuits.        

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United States: Supreme Court’s Comcast Ruling Raises Class Action Standard - Jones Day

The U.S. Supreme Court has reaffirmed that courts must conduct a "rigorous analysis" to determine whether antitrust class action plaintiffs meet the requirements for class certification, even when that requires inquiry into the merits of the underlying claims, and individual issues of damages may preclude class certification.        

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United States: Preserving The Class Action Fairness Act – Supreme Court’s Standard Fire Decision - Jones Day

The U.S. Supreme Court has recently held in Standard Fire Ins. Co. v. Knowles that named plaintiffs in class actions could not, before class certification, avoid going to federal court by stipulating to a cap on damages.        

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