Going Around Morrison – The Porsche Wars Produce A New Ruling
Smart plaintiffs continue to find ways around the Morrison rules on the proper venue for securities claims. The most recent example arises from the Porsche litigation in which hedge funds all hired top notch lawyers to pursue securities claims involving the fiasco with Volkswagen. David Bario covers the story in American Lawyer.
One side note. Wall Streeters spend lots of time complaining about plaintiff’s lawyers ruining the world. But when they can make money from litigation, the Wall Streeters sure know how to find their way to court with excellent lawyers.