A settlement class that Judge Lewis A. Kaplan (S.D.N.Y.) was likely to approve circa June 2021 was rejected “on further reflection” last week, due to a lack of information about how the lead plaintiff stacked up against a class of largely “anonymous” crypto investors.
Alexander Schultz is an associate in the firm’s Los Angeles office where he is a member of the firm’s litigation, class action, and appellate and Supreme Court practice groups. He represents clients in all phases of litigation, and his cases frequently involve difficult technical issues and/or complex legal and regulatory schemes. Alexander also maintains an active pro bono practice focusing on criminal and administrative law matters.
Before joining Covington, Alexander clerked for Judge David J. Barron on the U.S. Court of Appeals for the First Circuit and Judge Susan Oki Mollway on the U.S. District Court for the District of Honolulu. He also worked at the U.S. Department of Justice, Civil Appellate Division as a Summer Law Internship Program intern.
The Seventh Circuit recently shed light on what defendants need not do when invoking an affirmative defense that the defendant contends undermines predominance: establish that the affirmative defense would, on the merits, defeat at least some class claims.…