Legal Opinion

In Re Australia & New Zealand Banking Group Ltd. Securities Litigation

District Court, S.D. New York

Decided May 11, 2010No. 08 Civ. 11278(DLC)PublishedCited by 9 opinions

1Opinion of the Court

OPINION & ORDER

DENISE COTE, District Judge:

The Private Securities Litigation Reform Act of 1995 (“PSLRA”) requires, upon final adjudication of any securities fraud lawsuit, that the court make specific findings regarding compliance by each party and each attorney with Rule 11 of the Federal Rules of Civil Procedure. The PSLRA further mandates that if any violations of Rule 11 are found, sanctions are mandatory. For the following reasons, sanctions will be imposed against plaintiffs counsel for a substantial violation of Rule 11 with respect to the original complaint filed in this action.

FINDIN…

2Cases cited18 opinions

  1. Edward E. Lucente, Plaintiff-Appellee-Cross-Appellant v. International Business MacHines Corporation, Defendant-Appellant-Cross-AppelleeCourt of Appeals for the Second Circuit · 2002
  2. Business Guides, Inc. v. Chromatic Communications Enterprises, Inc.Supreme Court of the United States · 1991
  3. ECA, Local 134 IBEW Joint Pension Trust of Chicago v. JP Morgan Chase Co.Court of Appeals for the Second Circuit · 2009
  4. Rombach v. ChangCourt of Appeals for the Second Circuit · 2004
  5. Laura Kropelnicki, Plaintiff-Appellant-Cross-Appellee v. Hal Siegel, Linda Strumpf, Defendants-Appellees-Cross-AppellantsCourt of Appeals for the Second Circuit · 2002

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3Cited by9 opinions

  1. In Re Star Gas Securities LitigationDistrict Court, D. Connecticut · 2010
  2. AJ Energy LLC v. Woori America BankDistrict Court, S.D. New York · 2019
  3. AJ Energy LLC v. Woori America BankDistrict Court, S.D. New York · 2019
  4. AJ Energy LLC v. Woori America BankDistrict Court, S.D. New York · 2019
  5. China AI Capital Limited v. DLA Piper LLP (US)District Court, S.D. New York · 2024

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