Securities Law Alert, March 2011
This month’s Alert discusses the Southern District of New York’s post-verdict ruling applying Morrison to narrow the class claims in the Vivendi litigation. The Alert also addresses: the Delaware Chancery Court’s order mandating the disclosure of the contingent fee arrangement for Atheros’s financial advisor in the Qualcomm-Atheros merger litigation; a Special Counsel’s finding that the Nighthawk Radiology-Virtual Radiologic merger litigation settlement was not collusive; the Northern District of Illinois’s dismissal of the Boeing class action following a denial by the alleged confidential source; and the Second Circuit’s articulation of a post-Merck standard for when the statute of limitations begins to run in securities fraud actions.