Class Action Insider

In a summary order issued on June 10, 2024, the Second Circuit Court of Appeals relied on the U.S. Supreme Court’s holding in Macquarie Infrastructure Corp. v. Moab Partners, L.P., 601 U.S. 257 (2024), for the first time, demonstrating the relevance of the Court’s ruling to securities class actions.

Depending on how the Supreme Court decides Bissonnette, restaurants may have increased exposure to class actions by independent distributors, such as the plaintiffs in Bissonnette.

Last month, the First Circuit held that incentive awards for named plaintiffs are permissible under Rule 23, increasing the odds this question will be considered by the Supreme Court.

On August 19, 2022, we wrote about the Eleventh Circuit’s decision in Drazen v. Pinto, which held that a class action settlement agreement may receive final approval only if every class member has standing to recover individual damages.