Defense Can Play Offense In Class Action Pleading

Law360, New York (February 18, 2011, 3:41 PM EST) -- Class action defense lawyers may have a new weapon in their arsenal to end class and collective actions at an early stage. Recently, district courts have applied the pleading standard set forth in Twombly and Iqbal to class and collective allegations.

By subjecting the class and collective allegations to a “plausibility analysis,” collective actions have been dismissed and a class action defendant has won a motion for a more definitive statement before the certification phase of the litigation. Obviously, a dismissal at the pleading stage would...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.