Tag Archives: Multi-District Litigation

Judge Furman Tells GM Ignition Switch MDL Lawyers to “Return to Focusing on What is Truly at Stake in This Litigation”

Yesterday, Judge Furman issued a written opinion following up on his earlier denial of a motion to replace the lead plaintiffs’ counsel for the ongoing GM ignition switch litigation.  Judge Furman lauded the plaintiffs’ steering committee for coordinating the massive litigation effort – including over three hundred depositions and almost fifty motions in limine – … Continue Reading

GM Settles Third Ignition Switch Bellwether Before Trial

Earlier today, GM settled with the third bellwether plaintiff prior to trial in the ongoing litigation over allegedly defective ignition switches in GM vehicles.  Of three bellwether cases so far, the first was withdrawn before a verdict, the second was decided in GM’s favor, and the third has now settled.  Plaintiff’s counsel in the third bellwether case had … Continue Reading

Judge Furman Dismisses Fraudulent Misrepresentation Claim in Ignition Switch MDL After GM Rests its Case

Yesterday, Judge Furman, dismissed from the bench the fraudulent misrepresentation claim in the second bellwether trial for the GM ignition switch multidistrict litigation.  Judge Furman dismissed the claim in response to GM’s motion judgment as a matter of law filed after GM rested its case last Friday.  The decision came in part because the bellwether plaintiff could not point to any communications from … Continue Reading

Judge Furman Won’t Remove Lead Plaintiffs’ Counsel in GM Ignition Switch MDL

Yesterday, Judge Furman rejected an attempt to unseat the lead plaintiffs’ counsel in the GM ignition switch multidistrict litigation (see our previous post on the motion here).  Judge Furman described the allegations that lead counsel had mismanaged the bellwether trial schedule in order to maximize fees as “sometimes wild” and “Monday morning quarterbacking.”  Judge Furman … Continue Reading

Plaintiff in GM Ignition Switch MDL Asks Judge Furman to Remove Plaintiffs’ Co-Lead Counsel

In a motion filed this week – described as “no easy motion” but “the right motion” that “has to be made” – a plaintiff’s lawyer in the GM ignition switch multidistrict litigation asked Judge Furman to remove the plaintiffs’ co-lead counsel and reconsider the bellwether trial schedule in the wake of GM’s victory in the first bellwether … Continue Reading

MDL Investor Class Certified in Facebook IPO Actions

This week, Judge Sweet granted the motion for class certification as part of the ongoing multi-district litigation over Facebook’s alleged negligent misstatements or omissions surrounding its 2012 IPO.  Central to the litigation are calls made by Facebook’s treasurer to underwriter analysts to revise revenue projections downward, and the extent that this information spread through the investment community … Continue Reading

JPML Transfers Antitrust Cases Alleging Bank Manipulation of Treasuries Markets to Judge Gardephe

Last week, the Judicial Panel on Multidistrict Litigation transferred 25 actions pending in three districts to Judge Gardephe as part of a MDL concerning Treasury securities.  According to the Order, the actions all allege that “over 20 defendant banks conspired to manipulate Treasury securities auctions overseen by Federal Reserve Bank of New York, as well as the market … Continue Reading
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