Minding Your Business

Proskauer’s perspective on developments and trends in commercial litigation.

Harry Frischer

Harry Frischer

Subscribe to all posts by Harry Frischer

NY Court Of Appeals Rejects No-Opt Out Class Action Settlement In Shareholder Litigation

In Jinnaras v. Alfant, decided on May 5, 2016, the New York Court of Appeals rejected a proposed settlement of a shareholder class action, where the proposed settlement would have deprived out-of-state class members of a “cognizable property interest” by failing to provide a mechanism for class members residing outside of New York to opt … Continue Reading
LexBlog