Exeter Hospital has filed another lawsuit in hopes of getting others to pay for settlements it reached after a traveling medical technician infected patients with hepatitis C. David Kwiatkowski is serving 39 years in prison for stealing painkillers and replacing them with saline-filled syringes tainted with his blood. Despite being fired numerous times over drug allegations, he …
Accounting-related securities class action filings hit a four-year high in 2015, a new Cornerstone Research report found. According to the April 19 report, 71 securities class actions involving accounting allegations were filed during the year, compared to the 69 cases seen in 2014 and the 10-year average of 67 filings. The report said the increase represented “a return to the more …
Frequently, a class action complaint will set forth an elaborate theory of why the defendant’s actions were negligent or wrongful, but fall short when trying to identify how that conduct has harmed the class members. This kind of complaint invites a motion to dismiss on the grounds that the plaintiff has failed to demonstrate constitutional standing by identifying a “concrete, particularized,…
A new report from Cornerstone Research indicates that securities class-action filings with accounting allegations rose for the third consecutive year. According to Accounting Class Action Filings and Settlements – 2015 Review and Analysis, the 71 filings last year exceeded the average over the past decade of 67 filings. There were 69 accounting-related case filings in 2014.