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.

More News Stories

August 25, 2021
Block & Leviton Appointed Class Counsel in Lyft Securities Litigation

Firm is leading a litigation on behalf of a now certified class of Lyft IPO investors

Read story
August 4, 2021
Block & Leviton Obtains Final Approval of Settlement with Trevena, Inc.

$8.5 million settlement approved by the United States District Court for the Eastern District of Pennsylvania

Read story
June 22, 2021
$187.5 Million Snap Securities Litigation Settlement Approved

IPO litigation settled in both state and federal courts

Read story