Class Certification Central District of California Denies Class Certification in Securities Fraud Action Concerning Company’s Purchase of ADRs Stoyas v. Toshiba Corp., No. 2:15-cv-04194 (C.D. Cal. Jan. 7, 2022) Judge Dean D. Pregerson denied class certification in a securities fraud case alleging that Toshiba Corp. committed accounting fraud and made material misrepresentations. The plaintiffs were pension … Continued

As this issue was going to press, Governor Hochul was considering whether to sign or veto legislation that would overturn the Court of Appeals’ 2021 ruling in Freedom Mortgage Corporation v. Engel. The case effectively reopened hundreds of foreclosure cases that the homeowners thought they had won because the lender missed a key deadline. Under pre-Engel law, … Continued

Banking Law No report received. Scott E. Wortman, Chair Bankruptcy Law It is our privilege to announce that George P. Angelich, a partner in the bankruptcy and financial restructuring practice at Arent Fox LLP in New York, NY, has been designated to assume the chair of the Bankruptcy Law Committee of the Business Law Section … Continued

Robert L. Haig has done it again with the fifth edition of Commercial Litigation in New York State Courts, published in October 2020. Increasing the deeply talented bench of jurists and practitioners to a corps of 256 principal authors, Haig & co. have vastly expanded the work to 10 volumes, including 28 new chapters. This is … Continued