Stanford’s Michael Klausner on Securities Class Actions (Part 1)

The April issue of PLUS Journal featured a study, “When Are Securities Class Actions Dismissed, When Do They Settle, and For How Much?—An Update,” authored by professor Michael Klausner, director of securities litigation Jason Hegland, and research fellow Matthew Goforth of Stanford Law School.

Recently the staff of PLUS Blog spoke with professor Klausner about the study and results – what follows is part one of a three part interview with him on the subject.

Watch for part 2 of this video series, to be published Tuesday, April 30 on PLUS Blog.

Shifting Sands of Corporate D&O Litigation

In a clip from the session “The Shifting Sands of Corporate D&O Litigation” from the 2012 PLUS International Conference, panelists Carol A.N. Zacharias, Esq. (ACE North America) and Evan J. Rosenberg (Chubb Specialty Insurance) look at class-action lawsuit trends impacting directors and officers.

For more D&O coverage don’t miss the 2013 PLUS D&O Symposium, February 6 & 7 in New York.

PLUS members can view this entire session in the multimedia library on the PLUS website.

Session panelists not featured in this clip: Jonathan M. Goodman (General Electric Company), moderator Carl E. Metzger, Esq. (Goodwin Proctor LLP).

Class Action Suit Filed Against Barnes & Noble Over PIN, Credit Card Theft

plushq:

A guest post from Peggy Reetz (aka CyberPeg) on the Barnes & Noble breach.

Originally posted on cyberpeg:

Stacks

Barnes & Noble gets sued over PIN “skimming” scam

On October 27, 2012, plaintiff Elizabeth Nowak filed a putative class action against Barnes & Noble (“B&N”) arising out of the PIN pad tampering incident reported by the company as of October 23, 2012 (see press release of October 24, 2012:

www.barnesandnobleinc.com/press_releases/10_23_12_Important_Customer_Notice.html ).

In its press release, Barnes & Noble advised that it detected tampering with PIN pad devices used in 63 of its stores.  The tampering was limited to one compromised PIN pad in each of the affected stores.  The B&N statement says that criminals planted bugs in tampered PIN pad devices and that it disconnected all PIN pads from its stores, nationwide, by close of business September 14, 2012.  The press release further advised that the company notified federal law enforcement authorities and it was “supporting” the investigation.

In the complaint, filed in the USDC for the Northern District of…

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