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Gary Waetzig filed an age discrimination suit against his former employer, Halliburton. He then dismissed the suit when the company pointed out that he had agreed to arbitrate. When he lost in arbitration and tried to return to federal court, the statute of limitations on the alleged age discrimination had passed, and he asked the court instead to grant relief from the previous order of dismissal, essentially reopening that first case.
At the Supreme Court, his case, Waetzig v. … Read the rest
As I have noted in recent posts (here, for example), SPAC-related securities suit filings continue to accumulate and represent a significant current securities litigation phenomenon. But while the number of suits continues to mount, relatively few of these cases have yet reached the dismissal stage. In a recent ruling, however, the defendant company’s motion to dismiss in a SPAC-related securities suit was substantially denied as to the company itself and its top executives. In particular, the claims based on allegations …