Appeals Court Upholds Class Decertification in Mortgage Case Despite Favorable Jury Verdict
July 28, 2016
Class-action plaintiffs might not be assured of a final victory despite a favorable jury verdict in the wake of the U.S. Court of Appeals for the Second Circuit’s affirmation of district courts’ power to decertify a class even after a jury verdict. Industry attorneys say that the court’s recent ruling in Mazzei v. The Money Store means that defendants can obtain decertification of a class action not only leading up to trial, but even after a jury verdict in favor of the class. In Mazzei, the Second Circuit reaffirmed...
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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