April 15, 2024
A Seventh Circuit panel said Monday that a Chicago federal judge improperly barred a class action objector from intervening in a suit involving controversial "mootness fees" the appellate court has long criticized, saying he failed to articulate a valid legal reason for doing so.
July 14, 2022
Justices on the Illinois Supreme Court could offer clarity in the coming months on two key interpretations of the state's landmark biometric privacy law. Here, Law360 breaks down those and other cases Illinois attorneys should be watching in the second half of the year.
July 13, 2020
Securities litigation during the first half of 2020 has been dominated by cases related to the ongoing COVID-19 pandemic and its many effects on the economy.
April 14, 2020
Plaintiffs' attorneys told the Seventh Circuit on Tuesday a district judge attempted "to rewrite the federal rules on the fly" when he forced them to disgorge fees they won after securing disclosures that mooted their investor clients' claims in three suits over Akorn Inc.'s planned merger with Fresenius Kabi.
January 01, 2020
In 2020, securities attorneys will be following a U.S. Supreme Court case that will decide the scope of the U.S. Securities and Exchange Commission's disgorgement powers and an appeal before the Second Circuit concerning price maintenance theory.
October 22, 2019
In what appears to be a first, plaintiffs attorneys are asking a federal appellate court to allow a controversial practice in which they file merger objections that result in a few extra disclosures for investors and privately negotiated "mootness fees" for the lawyers, which they say are out of the lower courts' reach.