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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: DelawAre Supreme Court Reverses Chancery And Gives Collateral Estoppel Effect To California Federal Court’s Dismissal Of Derivative Claims - Pepper Hamilton LLP

In its widely followed Allergan decision, the Delaware Court of Chancery declined to apply collateral estoppel to dismiss a Delaware derivative complaint even though a California federal court dismissed (with prejudice) essentially the same complaint brought by different stockholders.        

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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 Upholds EPA's Logging Road Exception From Clean Water Act NPDES Permitting - Holland & Knight

On March 20, 2013, the U.S. Supreme Court issued an opinion in "Decker v. Northwest Environmental Defense Center".        

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