Wilmington Trust Securities Litigation, In Re
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By David C. Franceski, Jr.

*A settlement fund of $210 million, equal to 40% of claimed damages in a complex securities class action involving 8 years of litigation is both fair and reasonable under Rule 23(e) and Third Circuit standards.

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Research Group Publishes Study on Arbitration with Uninformed Consumers
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This statistical study posits that securities industry participants in FINRA arbitration enjoy an information advantage, which gives them a tactical advantage in selecting arbitrators,

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Class Action Against Hertz Fails for Lack of Scienter: In Re Hertz Global Holdings Inc.
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By David C. Franceski, Jr.

Myriad multi-year accounting errors across numerous accounting categories which resulted in significant income restatements, even when accompanied by allegations of inaccurate SOX certifications,

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SCOTUS Also Hears Oral Argument in Lamps Plus. Another Tough Day at the Office for Counsel
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Varela v. Lamps Plus, Inc., No. 16-56085 (9th Cir. Aug. 3, 2017) (unpublished), involved a class action brought by Lamps Plus employees,

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Class Certification Granted on TD Ameritrade’s Order Routing Policies: Klein v. TD Ameritrade
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By Jeremy Root

In assessing best execution on a systemic basis, the individual trading strategies of the brokerage firm’s customers are not relevant and the damages caused by the alleged failure to provide best execution may be,

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SLUSA Does Not Dispatch Mutual Fund Misrepresentation Class Action, Third Circuit Says: Taksir v. The Vanguard Group
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By David C. Franceski, Jr.

*In order to be “in connection with” the purchase or sale of a covered security under SLUSA,

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