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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Shareholder Class Action Disclosure Claims: Direct or Derivative?

December 4, 2023

In a recent class action suit pending in the U.S. District Court for the Southern District of Texas, Magistrate Judge Andrew Edison recommended the denial of class certification, finding the plaintiffs lacked standing to assert claims under Section 14(a) of the Securities Exchange Act of 1934 in connection with the defendants’ alleged false statements in...

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By Amanda Miller

Claims for Monetary Recovery Challenging SPAC Mergers

October 26, 2023

In the wake of the special purpose acquisition company (“SPAC”) fad that recently gripped the financial world, the passage of time has shown that many, or even most, of these companies were ultimately value destructive for public investors.[1] In response, stockholders have pursued class actions alleging breaches of fiduciary duties by...

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By Donald J. Enright

Ninth Circuit Elevates Probative Value of Former Employee Statements at the Pleading Stage in 10b-5 Actions

September 19, 2023

Ninth Circuit Holds Former Employee Statements Can Be Probative of Scienter in 10b-5 Actions at the Pleading Stage Even Where the Former Employee Departed the Company Before the Class Period Began or Had No Direct Contact With a Defendant Whether allegations in a complaint raise a strong inference of scienter is one of the most...

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By David C. Jaynes

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