5th Circuit Won’t Rehear Decision To Allow Division Of Investor Subclasses

( January 9, 2026, 7:59 AM EST) -- NEW ORLEANS — A  Fifth Circuit U.S. Court of Appeals panel denied investors’ petition for panel rehearing and petition for rehearing en banc, deciding not to reconsider its decision to affirm a district court’s order that partially granted and partially denied class certification in its securities fraud class action against an offshore development company....