In re Rewalk Robotics Ltd. Stockholder Litigation (Lawyers Weekly No. 09-063-17)
Court grants stay of securities class action in favor of parallel federal multidistrict litigation raising identical issues and parties.
Court grants stay of securities class action in favor of parallel federal multidistrict litigation raising identical issues and parties.
Court denies class certification in securities fraud case involving OvaScience stock offering, finding nonresident stockholders lack minimum contacts with Massachusetts and Massachusetts-only class too small.
Individual plaintiffs buying OvaScience shares through online brokers in the aftermarket lack standing under Securities Act Sections 11 and 12(a)(2). Summary judgment granted.
Court denies motion to stay state Securities Act class actions pending resolution of parallel federal litigation, emphasizing state courts' concurrent jurisdiction and plaintiffs' forum choice.
Securities fraud class action alleging misrepresentations about experimental fertility treatment in stock offering registration statement. Motion to dismiss denied.