Shawn P. Hough

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2016-17 Securities Class Actions by the Numbers

By Shawn P. Hough on July 13, 2017 Posted in Securities

2016 was an unprecedented year in securities class actions filings. According to a report published by NERA Economic Consulting, a record 300 securities class action complaints were filed in 2016 in federal courts, a 32 percent increase from 2015. This number represents the highest pace of filings since the 2000 dot-com crash. The median time … Continue Reading

2015 Securities Class Actions by the Numbers

By Shawn P. Hough on February 23, 2016 Posted in Securities

2015 was a busy, fast-paced year for securities class action filings. According to a report published by NERA Economic Consulting, 234 federal securities class action complaints were filed in 2015. This is the highest number of filings since 2008 and marks an 8 percent increase over 2014. The 2015 median time between the end of … Continue Reading

U.S. Supreme Court To Review Fifth Circuit’s SLUSA Decision in Stanford Ponzi Scheme Case

By Shawn P. Hough on January 28, 2013 Posted in Class Action Trends, Securities

Co-author: Frank Oliva The Supreme Court recently granted certiorari to examine the “in connection with” requirement of the Securities Litigation Uniform Standards Act (“SLUSA”) in Chadbourne & Parke LLP v. Troice, No. 12-79. SLUSA generally precludes state law securities class actions when there is a misrepresentation or omission “in connection with the purchase or sale … Continue Reading

Ninth Circuit: SLUSA Does Not Bar State Law Breach of Contract Claims

By Shawn P. Hough on January 15, 2013 Posted in Securities

The Securities Litigation Uniform Standards Act of 1998 (“SLUSA”) is a federal law that bars state law securities class actions alleging misrepresentations or omissions related to the purchase or sale of certain covered securities. In an opinion filed on January 2, 2013, the Ninth Circuit held that SLUSA does not preclude certain state law securities … Continue Reading