Supreme Court Puts Securities Class Actions on the Chopping Block

November 19, 2013

On Friday the Supreme Court agreed to hear a case that threatens to kill securities class actions. Petitioners in Halliburton Co. v. Erica P. John Fund, Inc. have asked the Court to reconsider a quarter-century-old precedent that has served as[...]

Proposed FDA Rule Allows Generic Drug Manufacturers to Update Labeling

November 13, 2013

After much anticipation, the U.S. Food and Drug Administration (FDA) has taken action to place responsibility on generic drug manufacturers to provide adequate warnings to consumers, and hold them legally liable for their failure to do so.  Currently, federal law[...]

Sixth Circuit Reviews Classwide Arbitration

November 11, 2013

In Reed Elsevier, Inc. v. Crockett, Case No. 12-3574, the United States Court of Appeals for the Sixth Circuit struck yet another blow to consumers whose contracts of adhesion force arbitration of any disputes.  Prior to Crockett, in some cases,[...]

JP Morgan Chase Expected to Pay Record Settlement

October 24, 2013

The story of banking giant JPMorgan Chase’s $13 billion settlement has been in heavy rotation on network and cable news outlets this week, as it should be. This settlement is the largest ever between a single company and the U.S.[...]

A Proposed Change to the Federal Rules of Civil Procedure: Addressing Spoliation of Evidence

September 11, 2013

The problem is familiar: a party fails to preserve some document or thing that would have been discoverable under the Rules, and possible evidence is lost. Years ago, these spoliation of evidence disputes arose most often in accident litigation, such[...]

FINRA to Spar for Consumer Rights on Wednesday

September 05, 2013

Yesterday, the New York Times published an interesting article regarding discount brokerage firm Charles Schwab & Company’s attempt to lessen (if not effectively eliminate) its exposure to liability for widespread investment related abuses. More specifically, in 2011, Schwab added a[...]