On July 12, 2022, Twitter, Inc. brought a civil action in the Delaware Court of Chancery against Elon Musk, the co-founder and CEO of Tesla Motors, Inc., for breach of contract in an attempt to force Musk to complete his...more
7/28/2022
/ Acquisitions ,
Attorney-Client Privilege ,
Breach of Contract ,
Class Action ,
Criminal Convictions ,
Cryptoassets ,
Cryptocurrency ,
Discovery Disputes ,
Elon Musk ,
Gaming ,
Insider Trading ,
Merger Agreements ,
Securities ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Fraud ,
Specific Performance ,
Spoofing ,
Twitter
Delaware Chancery Court Dismisses Cigna Derivative Suit Over Failed Anthem Merger; The PCAOB Sanctions Former KPMG Vice Chair Of Audit For Failure To Supervise Senior Members Of KPMG's Audit Practice; Ninth Circuit Affirms...more
4/21/2022
/ Anthem Insurance ,
Board of Directors ,
Breach of Contract ,
Breach of Duty ,
CEOs ,
CIGNA ,
Civil Monetary Penalty ,
Class Action ,
Coronavirus/COVID-19 ,
Derivative Suit ,
Disgorgement ,
Dismissals ,
False Statements ,
Fiduciary Duty ,
KPMG ,
Material Misstatements ,
Mergers ,
Misleading Statements ,
Omissions ,
PCAOB ,
Publicly-Traded Companies ,
Putative Class Actions ,
Sanctions ,
Sarbanes-Oxley ,
Scienter ,
Securities Exchange Act of 1934 ,
Securities Litigation ,
Securities Transactions ,
Securities Violations ,
Shareholders ,
Short-Swing Trading
IN THIS ISSUE -
Eleventh Circuit Overturns Dismissal of Cryptocurrency Ponzi Scheme Class Action Suit; Federal Court of Appeals Dismisses Leading Fannie Mae and Freddie Mac Shareholder Lawsuits; NY Seeks Blockchain...more
3/9/2022
/ Appeals ,
Attorney's Fees ,
Banking Sector ,
Blockchain ,
Breach of Duty ,
Cannabis-Related Businesses (CRBs) ,
Civil Conspiracy ,
Class Action ,
Cryptocurrency ,
Department of Financial Services ,
Derivative Suit ,
Dismissals ,
Economic Sanctions ,
Enforcement Actions ,
Fannie Mae ,
Fiduciary Duty ,
Financial Services Industry ,
Freddie Mac ,
Investors ,
Mergers ,
Mootness Fee Applications ,
Ponzi Scheme ,
Popular ,
Reversal ,
Russia ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Fraud ,
Securities Litigation ,
Shareholder Litigation ,
Shareholders ,
Supplemental Disclosures ,
Tortious Interference ,
Virtual Currency
Second Circuit Affirms Dismissal of Securities Fraud Class Action Against Alkermes; Delaware Court of Chancery Allows SPAC Litigation to Proceed; Ex-Theranos CEO Elizabeth Holmes Convicted on Four Counts of Fraud; Second...more
1/12/2022
/ Breach of Duty ,
Class Action ,
Dismissals ,
False Statements ,
Fiduciary Duty ,
Investors ,
Misleading Statements ,
Putative Class Actions ,
Remand ,
Scienter ,
Securities Fraud ,
Securities Litigation ,
Securities Violations ,
Special Purpose Acquisition Companies (SPACs) ,
Vacated ,
Wire Fraud
Delaware Federal Court Dismisses Shareholder Derivative Suit Concerning Lack of Board Diversity; California Federal Court Dismisses Shareholder Class Action Against Sorrento Therapeutics Regarding COVID-19 Treatment; Delaware...more
12/23/2021
/ Board of Directors ,
Cannabis-Related Businesses (CRBs) ,
Class Action ,
Coronavirus/COVID-19 ,
Derivative Suit ,
Discovery ,
Discovery Violations ,
Dismissals ,
Diversity ,
False Statements ,
Investment Fraud ,
Investors ,
Misleading Statements ,
Misrepresentation ,
Pharmaceutical Industry ,
Popular ,
Putative Class Actions ,
Rule 10b-5 ,
Scienter ,
Securities Exchange Act of 1934 ,
Securities Violations ,
Shareholder Litigation ,
Shareholders
Delaware Court of Chancery Awards Attorneys’ Fees After Gilead’s “Glaringly Egregious” Litigation Conduct; S.D.N.Y Grants Plaintiffs’ Partial Summary Judgment in Securities Class Action Against Perrigo; SPAC Investors Launch...more
7/29/2021
/ Acquisitions ,
Attorney's Fees ,
Board of Directors ,
Books & Records ,
Class Action ,
Delaware General Corporation Law ,
Dismissals ,
Failure To Disclose ,
Failure To State A Claim ,
False Statements ,
Information Requests ,
Initial Public Offering (IPO) ,
Investors ,
Misleading Statements ,
Misrepresentation ,
Omissions ,
Partial Summary Judgments ,
Publicly-Traded Companies ,
Putative Class Actions ,
Section 220 Request ,
Securities Act of 1933 ,
Securities Exchange Act of 1934 ,
Securities Litigation ,
Securities Violations ,
Shareholders ,
Short Selling ,
Special Purpose Acquisition Companies (SPACs)
SCOTUS Vacates Class Certification In Suit Against Goldman Sachs And Clarifies Appropriate Scope Of Price Impact Evidence; Stockholders Strike $110 Million Settlement In Suit Alleging Breaches Of Fiduciary Duties By Former...more
7/27/2021
/ Acquisitions ,
Aiding and Abetting ,
Anti-Fraud Provisions ,
Anti-Money Laundering ,
Arkansas Teacher Retirement System v Goldman Sachs Group ,
Bank Secrecy Act ,
Basic v Levinson ,
Board of Directors ,
Breach of Duty ,
Burden of Persuasion ,
Burden of Proof ,
Certiorari ,
Class Action ,
Class Certification ,
Conflicts of Interest ,
Controlling Stockholders ,
Cybersecurity ,
Deferred Prosecution Agreements ,
Department of Justice (DOJ) ,
Dismissals ,
Failure To Disclose ,
Fiduciary Duty ,
Goldman Sachs ,
Investors ,
Mergers ,
Moneygram ,
Presumption of Reliance ,
Reversal ,
SCOTUS ,
Securities Exchange Act ,
Securities Fraud ,
Securities Litigation ,
Securities Violations ,
Shareholders ,
Vacated ,
Wire Fraud
Eighth Circuit Overturns Class Certification in Suit Against TD Ameritrade Holding Corp., Holding Individualized Evidence is Required for Each Putative Class Member; District Judge Approves Magistrate’s Recommendation to Deny...more
5/5/2021
/ Abuse of Discretion ,
Best Execution ,
Bribery ,
Class Action ,
Class Certification ,
Class Members ,
Corporate Counsel ,
Dismissal With Prejudice ,
Dismissals ,
Duty to Disclose ,
Evidence ,
Exelon Generation ,
False Statements ,
FRCP 23(b)(3) ,
Investors ,
Lobbying ,
Material Misrepresentation ,
Mergers ,
Misleading Statements ,
Motion to Dismiss ,
Negligence ,
Omissions ,
Papa Murphys ,
Private Right of Action ,
Proxy Statements ,
PSLRA ,
Putative Class Actions ,
Remand ,
Retail Investors ,
Reversal ,
Rule 10(b) ,
Rule 10b-5 ,
Scienter ,
Securities Exchange Act of 1934 ,
Securities Litigation ,
Securities Violations ,
TD Ameritrade
Rhode Island Federal Court Dismisses Securities Class Action Against CVS Arising From Statements Made After Omnicare Acquisition; SEC Division of Corporation Finance Suggests Companies Issue Additional Disclosures When...more
3/3/2021
/ Acquisitions ,
Asset Purchase Agreements ,
Board of Directors ,
Breach of Contract ,
Breach of Duty ,
Buyers ,
Capital Raising ,
Cardinal Health ,
Class Action ,
Closing Documents ,
CVS ,
Derivative Suit ,
Disclosure Requirements ,
Dismissals ,
Division of Corporate Finance ,
Enforcement Actions ,
Fiduciary Duty ,
Investors ,
Market Volatility ,
Mergers ,
Mismanagement ,
Motion To Strike ,
Omnicare ,
Opioid ,
Purchase Price Adjustment ,
Putative Class Actions ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Securities Litigation ,
Securities Violations ,
Unclean Hands ,
Volkswagen
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