United States: Litigation, Mediation & Arbitration

Boies Schiller Flexner defended an $812 million judgment before the D.C. Circuit Court of Appeals in a landmark case involving Fannie Mae and Freddie Mac shareholders challenging the Net Worth Sweep. The firm argued that the government's decision to divert all profits to Treasury was unprecedented, arbitrary, and breached shareholders' reasonable expectations and the implied covenant of good faith.

The Ninth Circuit recently reversed in part dismissal in a putative securities fraud class action alleging that a toy manufacturer and two of its officers misrepresented the status of its inventory management, distribution capabilities, and IT system use.

The U.S. Court of Appeals for the Fifth Circuit has reinforced defendants' ability to dismiss consumer class actions early by requiring plaintiffs to demonstrate concrete economic harm rather than speculative overcharge theories. In Monahan v. Southwest Airlines, the court held that hypothetical price inflation claims without plausible real-world economic loss fail to satisfy Article III standing requirements...