Because SLUSA applied to class action
lawsuits "in connection with the purchase or sale" of securities, some courts concluded that so-called "holder" lawsuits could proceed in state court.
It can be argued that it is not technically necessary to file refund claims given the filing of the class action
complaint and the intransigence of the IRS with respect to such claims.
Sinyard: In Sinyard, the Ninth Circuit agreed with the Tax Court's determination that contingent attorneys' fees recovered by a plaintiff in an opt-in class action
were includible in the plaintiff's gross income.
Proposed tort reform legislation, supported by the Bush administration, would amend current law to permit any defendant to transfer a large, multistate class action
from a state court to federal court when I) at least one plaintiff and one defendant are from different states and 2) the total amount in controversy is at least $2 million.
Thirty-eight percent of companies designate a single individual as accountable for all class action
In what has been called the first wave of vanishing-premium litigation, the largest life insurers have faced purported nationwide class actions
in federal court.
When attorneys file a class action
, they find the tactic is very effective.
But these measures do little more than make class actions
involving citizens from more than one state removable from state courts to federal courts.
Zacharias' discussion of securities class action
litigation and directors and officers risk management issues, please visit www.
Excluding the options backdating cases from the sample, as these reflect one-time events that will not recur in the future, suggests that "core" securities class action
litigation in 2006 was only 90 cases, a decline of 53% from the historic norm.
Later, he became a partner and leading class action
OTCBB:LQMT) announced today that the federal judge presiding over the consolidated class action
entitled Primavera Investors v.