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The Bulletin - Summer 2020

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  • KTMC Appointed as Co-Lead Counsel in Investors Class Action Against Luckin Coffee

    Ryan Degnan

    On June 12, 2020, the Honorable Lewis J. Liman of the United States District Court for the Southern District of New York appointed Sjunde AP-Fonden (“AP7”) and Louisiana Sheriffs’ Pension & Relief Fund (“Louisiana Sheriffs”) to serve as co-lead plaintiffs in the pending securities class action...

  • The Second Circuit Rejects Defendants' Effort to Introduce Merits Challenges as a Basis to Undermine Class Certification

    The Second Circuit’s recent decision in Arkansas Teacher Retirement System v. Goldman Sachs Group, Inc., 955 F.3d 254 (2d Cir. 2020) (“Goldman”), stands as an important class certification victory for securities fraud plaintiffs, rebuffing the defendants’ attempts to relitigate merits issues—like...

  • Businesses Across the Country Seek Recoveries After Insurers Deny Business Interruption Coverage for Losses Caused by the COVID–19 Public Safety Threat.

    Jordan Jacobson

    Kessler Topaz recently filed a complaint on behalf of businesses against an insurer that wrongfully denied coverage for business interruption caused by the COVID–19 pandemic. The complaint was filed against State Farm Automobile Insurance Company and State Farm Florida Insurance Company...

  • Ninth Circuit to Revisit the Extent of Affiliated Ute   Reliance in Securities Omission Cases

    Geoffrey Jarvis

    The U.S. Court of Appeals for the Ninth Circuit has agreed to hear an interlocutory appeal that will provide it with an opportunity to clarify when courts may presume reliance in securities cases based on omissions. The appeal arises out of the denial of Defendants’ motion for summary judgment in...