Block & Leviton Persuades 9th Circuit to Clarify Lead Plaintiff Rules

Rare appellate ruling benefits Block & Leviton's clients

The Ninth Circuit Court of Appeals issued a decision in favor of Block & Leviton's clients on July 23, 2021 in the Nikola Securities Class Action. The ruling clarifies that it can be appropriate for groups of lead plaintiff investors to team up to prosecute a securities class action, and that a Court cannot reject a group merely because of its status as a group.

Coverage by Reuters.

Block & Leviton led the briefing in the appeal and is co-counsel in the case with the Pomerantz firm.

Are you a victim of corporate fraud?

Talk to us about your case.

Contact our attorneys for a no-cost case evaluation.

July 26, 2021

More News Stories

August 23, 2023
Immunomedics, Inc. Securities Litigation Settles for $40 million

Court Highlights Block & Leviton's Hard Work, Professionalism and Detailed Advocacy

Read story
August 23, 2023
Block & Leviton to lead securities class action against Match Group, Inc.

Court notes Block & Leviton's substantial experience in securities fraud litigation.

Read story
August 23, 2023
Court Approves $25 million Lyft Settlement

Court finds recovery significant when weighed against the litigation risks in the case

Read story