Private Securities Litigation Reform Act of 1995 – Paul Mollica's Federal Courts Blog

Split Ninth Circuit Panel Holds That Plaintiff Who Filed Original Securities Fraud Action Ceased to Be a Party When Court Appointed a Different Lead Plaintiff Under the PSLRA

In Habelt v. iRhythm Technologies, Inc., No. 22-15660 (9th Cir. Oct. 11, 2023), a 2-1 panel holds that the original putative lead plaintiff in a securities fraud case was no longer a “party” with standing to appeal when a different lead plaintiff was appointed by the district court under the Private Securities Litigation Reform ActContinue reading “Split Ninth Circuit Panel Holds That Plaintiff Who Filed Original Securities Fraud Action Ceased to Be a Party When Court Appointed a Different Lead Plaintiff Under the PSLRA”