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William "Bill" Shannon Lerach (born March 14, 1946, [1] Ohio River Valley, [2] Midwestern United States) is an American disbarred lawyer who specialized in private Securities Class Action lawsuits. The $7.12 billion he obtained as the lead plaintiff's attorney in the case against Enron is currently the largest sum ever recovered in a group of ...
Devin James Stone (born 1983 or 1984) is an American lawyer and YouTuber known for his channel, LegalEagle, [2] where he reviews films and television shows [3] [4] to discuss the level of accuracy of their depictions of the law and courtroom procedure, and to discuss the legal issues raised by those works. He also talks about current legal ...
The Private Securities Litigation Reform Act of 1995, Pub. L. 104–67 (text), 109 Stat. 737 (codified as amended in scattered sections of 15 U.S.C.) ("PSLRA") implemented several substantive changes in the United States that have affected certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation, and awards fees ...
Nvidia, the AI-chip giant, petitioned the nation's highest court after a lower court permitted a 2018 class action lawsuit to move ahead.
In 1995, Congress passed the Private Securities Litigation Reform Act (PSLRA), claiming that the class action device was being used to injure "the entire U.S. economy" through nuisance filings, targeting of deep-pocket defendants, vexatious discovery requests, and "manipulation by class action lawyers of the clients whom they purportedly represent."
The lawyers who successfully argued that a massive pay package for Tesla CEO Elon Musk was illegal and should be voided have asked the presiding judge to award them company stock worth $5.6 ...
A securities class action (SCA), or securities fraud class action, is a lawsuit filed by investors who bought or sold a company's publicly traded securities within a specific period of time (known as a “class period”) and suffered economic injury as a result of violations of the securities laws.
Just as the three-year-long Viacom (VIA) lawsuit against YouTube/Google (GOOG) has reached a crucial decision moment, the case has burst into public view with the public release of the briefs each ...