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Financial Services Cases |  | | April 08-14, 2011 FindLaw.com Weekly Financial Services Newsletter | | You may forward this e-mail in its entirety.
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Financial Services Cases United States Second Circuit, 04/08/2011
In Re: Parmalat Securities Litigation, No. 09-4302
In consolidated cases arising from the financial collapse of Parmalat Finanziaria, judgment of the district court denying motions for remand and abstention is affirmed in part and vacated in part where cases were properly removed, but court applied the wrong standard for determining timely adjudication for the purposes of 28 U.S.C. section 1334(c)(2). Read more... United States Ninth Circuit, 04/14/2011
New Mexico State Investment Co. v. Ernst & Young LLP, No. 09-55632
In a dispute stemming from a securities class action complaint against a former client of defendant, judgment by district court granting defendant motion to dismiss is reversed where complaint contained well-pleaded factual allegations sufficient to survive motion. Read more... 
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