Multidistrict litigation cases were so phenomenally large this year that they generated significant political interest, with the Obama administration and various government oversight departments getting actively involved.
Filing of federal securities class actions continued to wane during the first half of 2010, according to separate reports released this week. Both NERA Economic Consulting and the Stanford Law School Securities Class Action Clearinghouse reported that filings during the first half of 2010 were down compared to one year ago. The numbers have been on the decline since 2008
In a speech to the Federalist Society, Supreme Court Justice Samuel Alito Jr.