Introduction
Welcome to the inaugural edition of Shearman &
Sterling's Fifth Circuit Securities Litigation Quarterly. As
public companies and financial institutions continue to migrate to
Texas, our Texas-based securities litigation team continues to help
our clients navigate the unique landscape for federal securities
litigation in the Fifth Circuit and to monitor all
developments.
In our Q1 2023 edition, we cover new case filings and decisions
of note, including multiple Court of Appeals and district court
decisions on motions to dismiss and a decision denying relief from
the PSLRA automatic stay of pre-motion to dismiss discovery.
New Securities Class Action Filings
SOUTHWEST AIRLINES (S.D. TEX., 23-CV-00115, FILED
JAN. 12, 2023)