Case Study: In Re AIG Securities Litigation

Law360, New York (October 2, 2012, 1:15 PM EDT) -- In its opinion, In re American International Group Securities Litigation, 10-4401-cv (2d Cir. Aug. 13, 2012), the U.S. Court of Appeals for the Second Circuit added its contribution concerning standards the district court judge should apply when asked to approve a class for settlement purposes only. The opinion seems intended to have national import.

The Second Circuit’s seminal decision in In re Initial Public Offering Sec. Litig., 471 F.3d 24 (2d Cir. 2006), redefined the standards for a district court’s consideration of a litigated class pursuant...
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