District Court Cites Recent “Evolution” of Rule 23 Standards to Deny Class Certification Motion in Securities Action

District Court Cites Recent “Evolution” of Rule 23 Standards to Deny Class Certification Motion in Securities Action

In In re Kosmos Energy Ltd. Securities Litigation, No. 3:12-CV-373-B, 2014 U.S. Dist. LEXIS 36365 (N.D. Tex. Mar. 19, 2014), the United States District Court for the Northern District of Texas (Boyle, J.) denied lead plaintiff’s class certification motion in a consolidated action alleging claims under Sections 11, 12(a)(2) and 15 of the Securities Act of 1933 (“1933 Act”), 15 U.S.C. §§ 77k, 77l(a)(2), 77o.

The Human Cost of Bad Science

The Human Cost of Bad Science

Because of the aggressiveness of a disease, its stage when detected and/or the requirement that patients enrolled in clinical trials not simultaneously pursue multiple treatments “patients with progressive terminal illness may have just one shot at an unproven but promising treatment.”