In the News Today - August 14, 2018

August 14, 2018

RICO Suit Accuses California Firm of Bribing Plaintiffs: A dietary supplement company is accusing a California law firm of paying someone $1,000 to serve as the lead plaintiff in a false advertising suit against the company. After the original lead plaintiff failed to show up for four depositions, the company says the new plaintiff made several factual mistakes in his deposition (including using the wrong name for the product), failed to remember his California address (it was later discovered he lived in Arizona), and did not recognize any expert witnesses in the case. (AmLaw Litigation Daily)

Ontario Rejects “Jurisdictional Overreach” for Securities Lawsuits: After the U.S. Supreme Court limited the ability to bring cross-border securities suits in U.S. courts, D&O Diary’s Kevin LaCroix said these lawsuits began to flow into Canada. But the Court of Appeal of Ontario rejected the idea that the province “would become the default jurisdiction for issuers around the world” in a recent decision. (D&O Diary)