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Oklahoma Firefighters Pension & Retirement Systems v. Six Flags: Fifth Circuit Opinion Reviving Securities Class Action Creates Tension With Other Circuits On Key Issues - Securities

On January 18, 2023, the Fifth Circuit unanimously reversed the Northern District of Texas's dismissal of a securities class action contending that Six Flags and two of its executives misled investors by projecting impossible timelines for opening new theme parks in China. ....

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Oklahoma Firefighters Pension & Retirement Systems v. Six Flags:Fifth Circuit Opinion Reviving Securities Class Action Creates Tension with Other Circuits on Key Issues | Cooley LLP

Introduction - On January 18, 2023, the Fifth Circuit unanimously reversed the Northern District of Texas’s dismissal of a securities class action contending that Six. ....

United States , Rigel Pharm Inc , Vencor Inc , Tesla Inc , Cerner Corp , Unum Group , Capstead Mortgage Corp , City Of Taylor Police Fire Ret , Zucco Partners , Endologix Inc , Workers Pension Fund , Intern Inc , Digimarc Corp , Intuitive Surgical Inc , Pathogenesis Corp , Six Flags Entertainment Corp , Police Ret , Spirit Aerosystems Holdings Inc , Securities Exchange , Juniper Networks Inc , International Construction , Riverside Investment Group , Fifth Circuit , Northern District , Six Flags , Securities Exchange Act ,

Understanding The Home State Exception To CAFA's Diversity Jurisdiction - Litigation, Mediation & Arbitration

The Class Action Fairness Act ("CAFA"), enacted in 2005, expanded federal jurisdiction over class actions. However, CAFA contains some exceptions, or instances when a federal court may not exercise jurisdiction. ....

New York , United States , Andrews Newman , Los Angeles , Intern Inc , Sprint Nextel Corp , Halcon Energy Properties Inc , Marine Products Inc , Graphic Communications Union , Gilster Mary Lee Corp , Pioneer Americas , Wellpoint Inc , Walter Indus Inc , Fedex Ground Package Sys Inc , Caremark Corp , Class Action Fairness Act , Exception Does Not Remove Jurisdiction , Rather Mandates , Eighth Circuit , Second Circuit , Fifth Circuit , Ninth Circuits , Third Circuit , Ninth Circuit , Seventh Circuit , Communications Union ,