L&K Insights

Dive deep into the world of securities and class action law with expert commentary, analysis, and updates from the seasoned professionals at Levi & Korsinsky LLP

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Delaware Supreme Court’s Match.com decision clarifies a key aspect of Delaware law, potentially preventing dismissals of well-founded lawsuits where all special committee members are not independent and reinforces the Delaware Court’s inclination towards enhanced scrutiny for controller led transactions.

June 10, 2024

Summary: In April 2024, in an eagerly anticipated decision, the Delaware Supreme Court issued an order in In re Match Group Deriv. Litig., C.A. No. 2020-0505 (April 4, 2024) (“Match”) that clarifies the application of the framework articulated in Kahn v. M&F Worldwide Corp., 88 A.3d 635 (Del. 2014) (the “MFW Doctrine”). Under the MFW Doctrine, the...

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Data Privacy & Securities Fraud: The Ninth Circuit Confirms Obligations Regarding Materialized Privacy Risks and Loss Causation Analysis in Data Privacy Context

February 29, 2024

On December 5, 2023, a three-judge panel in In re Facebook, Inc. Sec. Litig., 87 F.4th 934 (9th Cir. 2023) (“In re Facebook”) voted to deny the defendant appellee Facebook, Inc.’s (“Facebook”) petition for panel rehearing and rehearing en banc of the Ninth Circuit’s October 18, 2023 ruling reversing the dismissal of claims against Facebook....

By Nicholas R. Lange

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Mass Arb. Rule Changes May Be A Hindrance For Consumers

February 22, 2024

On Jan. 15, the American Arbitration Association amended its mass arbitration supplementary rules and implemented a new consumer mass arbitration and mediation fee schedule. In its press release announcing the updated rules and fees, the AAA stated that it “listened to the needs of the individuals and business involved in mass arbitrations” and articulated that...

By Eduard Korsinsky & Alexander Krot

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