In re Countrywide Corporation Shareholders Litigation, Del. Ch., C.A. No 3464-VCN (March 31, 2009), read opinion here.

Kevin Brady, a respected Delaware litigator, provides us with the benefit of his following review of this case.

In this Chancery Court decision, Vice Chancellor Noble  denied “for the time being” an application to certify a class

 Schultz v. Ginsburg and Philadelphia Stock Exchange, (Del. Supr., Feb. 3, 2009), read opinion here. The Delaware Supreme Court affirmed the Chancery Court’s decision in connection with the allocation of  proceeds from a settlement that ended a class action against the Philadelphia Stock Exchange. The settlement and the allocation were separately approved by the Chancery Court. 

Highlights of