Securities Litigation News

Plaintiffs lawyers say they've been getting mixed messages from the Delaware Court of Chancery about how thoroughly they should investigate shareholder derivative actions before filing them. If they rush to sue, in hopes of winning the role of lead counsel, judges sometimes hold it against them. But if they take their time and demand to see a company's books and records before filing suit, judges may not save them a seat at the table.

A federal appellate court has dismissed a lawsuit filed by two Southern California attorneys against the U.S. government for failing, through the U.S. Securities and Exchange Commission, to stop Ponzi scheme operator Bernard Madoff from bilking investors out of more than $60 billion. 

People who lost money because funds they invested in turned around and sank money into Bernard L. Madoff's massive Ponzi scheme should be entitled to repayment for their losses —just like direct investors in the fraud—a lawyer for some of those secondary investors told an appeals court Friday.

Some personal injury attorneys chase ambulances, looking for accident victims they can persuade to file lawsuits against parties alleged to be responsible for their mishaps. It’s not pretty, but that’s how these people operate.