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O’Melveny’s Dellinger Quoted in National Law Journal Article on Supreme Court Petition to Overrule Third Party Liability in Securities Class ActionsSeptember 25, 2012
O’Melveny & Myers LLP partner Walter Dellinger was quoted in the September 19, 2012, National Law Journal article “Lawyers look to protect their own in class action battle.” The article reported on two cases currently pending before the Supreme Court that aim to overturn a United States Court of Appeals for the Fifth Circuit ruling allowing third parties--such as law firms and insurance companies--to be sued in securities class actions.
In the Chadbourne & Parke v. Troice petition, Dellinger opines that the decision opens the door to “significant forum-shopping opportunities” for the plaintiffs who will rush to file lawsuits in states in the jurisdiction of the Fifth Circuit.
Dellinger is a member of O'Melveny's Appellate Practice and resides in the Firm's Washington, DC office.