A new decision by the Illinois Supreme Court, Price et al. v. Philip Morris, Inc., 2015 IL 117687, decided November 4, 2015, shows there is not yet an end to the largest class action lawsuit in Illinois history.
Although securities class actions are not growing in number, according to a recent poll, there are changes ahead. As the world continues to get flatter, we can expect that foreign companies could get scooped up as targets for securities class actions. Another expected change flows from a recent U.S.