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February 14, 2017

In the News Today – February 14, 2017

2016 Securities Class Action Filings “Surpassed All Previous Years”: Plaintiffs increased their filing of new federal class action securities cases by 44% in 2016 as compared to 2015. Additionally, 56 percent of all filings in 2016 took place in the Ninth and Second Circuits. (National Law Review)

Supreme Court to Review CA Ruling on Plaintiffs Joining Suits From Other States: The Supreme Court has agreed to review a California Supreme Court ruling that a class action could continue despite the fact that the vast majority of plaintiffs live outside the state. John Doherty, president of the Civil Justice Association of California said there was speculation that “plaintiffs from other parts of the country were taking advantage of the [California] court system.” Doherty went on to say, “California is an attractive place for plaintiffs because there is a history of large awards being made in the state.” (American Pharmacy News)

 

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