2 Firms Tapped To Lead Class Suit Against Vans Shoes Parent
By Katryna Perera
A Colorado federal judge on Tuesday consolidated two securities class actions against outdoor apparel company VF Corp. and appointed Levi & Korsinsky LLP and Pomerantz LLP as co-lead counsel in the merged suit, which claims VFC misled investors about the progress it made on a corporate turnaround strategy meant to return its shoe brand Vans to positive growth.
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EMPLOYMENT & BENEFITS
SECURITIES
COMPETITION
CYBERSECURITY & PRIVACY
Six Flags Can't Escape Privacy Suit Over Website Tracking
By Allison Grande
A California federal judge has refused to release Six Flags Entertainment Corp. from a proposed class action accusing it of illegally allowing third parties to track the browsing activities of visitors to its Cedar Point amusement park website, finding that the plaintiff had sufficiently asserted an array of claims for invasion of privacy, wiretap, fraud and unjust enrichment.
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IP & TECHNOLOGY
IMMIGRATION
EXPERT ANALYSIS
9th Circ. Ruling Clarifies Auditor Liability For IPO Errors
The Ninth Circuit's recent decision in Hunt v. PricewaterhouseCoopers elucidates the legal standard for claims against auditors in connection with a company's initial public offering, confirming that audit opinions are subjective and becoming the first circuit to review this precise question since the U.S. Supreme Court's 2015 Omnicare ruling, say attorneys at Morgan Lewis.
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LEGAL INDUSTRY
Levona Says New Docs Show Reed Smith Lied In $102M Feud
By Emily Sawicki
Levona Holdings Ltd. is pressing a Manhattan federal court to vacate what it calls a fraudulent $102 million arbitral award issued to international shipping company Eletson, arguing that new documents released under the crime-fraud exception show that the company and its prior attorneys at Reed Smith LLP lied during the arbitration.
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