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Court of Appeal (Cal.) Reverses Trial Court’s Defense Ruling on Backdating Claims under Rees-Levering, but Remands on Whether Class Can Be Maintained; Says Nelson Decision on “Single Document Rule” Was Wrong

by Scott J. Hyman |

In Raceway Ford Cases, --- Cal.Rptr.3d ----, 2014 WL 4589808 (Cal.App. 4 Dist. 2014), the Court of Appeal reversed the trial court's finding in favor of defendant car dealer as to backdating claims, but remanded to the trial court to determine whether the action could still be maintained as a class action.  The Court of Appeal's decision is important because of its… Read More