A few items of interest from around the web.
(1) Securities Docket has a guest column on group litigation in the United Kingdom and how it contrasts to the U.S. system.
(2) The D&O Diary has an analysis of 2008 securities class actions against life sciences companies.
(3) The New York Law Journal has a column (subscrip. req’d) on the Second Circuit’s recent decision holding that an investment advisor does not have standing to bring a securities case in a representative capacity on behalf of its clients. The decision is W.R. Huff Asset Management Co. LLC v. Deloitte & Touche LLP, 549 F.3d 100 (2d Cir. 2008) and the author notes that its reasoning is applicable to the selection of lead plaintiffs in securities class actions.
The 10b-5 Daily 