Delaware Court of Chancery Allows Stockholder Litigation to Proceed Against Viacom-CBS Over $30B Merger; Ninth Circuit Affirms Dismissal with Prejudice of Securities Class Action Against Tesla; Second Circuit Affirms...more
2/15/2021
/ Banking Sector ,
Burden of Proof ,
CBS ,
Class Action ,
DE Supreme Court ,
Derivative Suit ,
Dismissal With Prejudice ,
Dismissals ,
Loans ,
Mergers ,
Reporting Requirements ,
Reversal ,
Securities Fraud ,
Securities Litigation ,
Shareholders ,
Standing ,
Tesla ,
Viacom
Ninth Circuit Holds Loss Causation May Be Predicated on Information Potentially Available Under Freedom of Information Act; D.C. Circuit Upholds FINRA’s Permanent Ban of Broker Accused of Misconduct After Finding SCOTUS...more
11/20/2020
/ Aiding and Abetting ,
Banks ,
Breach of Duty ,
Broker-Dealer ,
Class Action ,
Dismissals ,
Enforcement Actions ,
Fiduciary Duty ,
Financial Industry Regulatory Authority (FINRA) ,
FOIA ,
Fraud ,
Investors ,
Loss Causation ,
Money Laundering ,
Petition for Review ,
Ponzi Scheme ,
Public Disclosure ,
Putative Class Actions ,
Reversal ,
Sanctions ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act of 1934 ,
Securities Fraud ,
Securities Violations ,
Shareholders ,
Unjust Enrichment ,
Whistleblowers
Delaware Court of Chancery Denies Motion to Dismiss in Shareholder Class Action Lawsuit Related to Mindbody Inc.’s Billion Dollar Merger with Vista Equity Partners; Second Circuit Unanimously Affirms Lower Court’s Decision...more
10/21/2020
/ Bad Faith ,
Breach of Duty ,
Business Judgment Rule ,
Class Action ,
Conflicts of Interest ,
Dismissal With Prejudice ,
Dismissals ,
Donald Trump ,
Duty of Care ,
Fiduciary Duty ,
Gross Negligence ,
Investors ,
Loss Causation ,
Mergers ,
Misrepresentation ,
Motion to Dismiss ,
Popular ,
Proxy Materials ,
Public Disclosure ,
Reversal ,
Securities Fraud ,
Securities Litigation ,
Shareholder Votes ,
Shareholders ,
Subpoenas ,
Tax Returns ,
Whistleblowers
California State Court Upholds Exclusive Federal Forum-Selection Charter Provision for 1933 Act Suits; California District Court Dismisses Fraud-Related Claims Against AT&T; Third Circuit Holds Challenge to SEC’s Decision to...more
9/24/2020
/ Administrative Procedure Act ,
Breach of Duty ,
Broker-Dealer ,
Certificates of Incorporation ,
Class Action ,
Constitutional Challenges ,
Cryptocurrency ,
Data Breach ,
Data Security ,
Delaware General Corporation Law ,
Dismissal With Prejudice ,
Dismissals ,
Duty of Care ,
Duty of Loyalty ,
Duty to Disclose ,
Enforcement Actions ,
Exclusive Forum ,
Fiduciary Duty ,
Forum Selection ,
Good Faith ,
Hackers ,
Investigations ,
Misrepresentation ,
Motion to Dismiss ,
Popular ,
Punitive Damages ,
Reversal ,
Securities Act of 1933 ,
Securities Exchange Act ,
Securities Fraud ,
Securities Litigation ,
Sovereign Immunity ,
Subject Matter Jurisdiction ,
Subpoenas ,
Tender Offers ,
Unenforceable Contract Terms
Securities Class Action Against Swiss-Based Company Dismissed On Forum Non Conveniens Grounds; Second Circuit Finds Strong Inference of “Conscious Recklessness” In Allegations And Reverses Dismissal of Securities Suit Against...more
8/25/2020
/ Bribery ,
Class Action ,
Cross-Border Transactions ,
Department of Justice (DOJ) ,
Dismissals ,
False Statements ,
Foreign Corporations ,
Foreign Corrupt Practices Act (FCPA) ,
Forum Non Conveniens ,
Forum Selection ,
Government Investigations ,
Investors ,
Misleading Statements ,
Omissions ,
Pharmaceutical Industry ,
Popular ,
Putative Class Actions ,
Real Estate Investments ,
Recklessness ,
Reversal ,
Rule 10b-5 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Litigation ,
Settlement