This yearly report provides a summary of some of the significant changes and developments that occurred in the past year in the hedge fund and private equity spaces, as well as certain recommended practices that investment...more
On December 11, 2020, the United States Supreme Court granted certiorari in a shareholder securities litigation against Goldman Sachs. On appeal, Goldman argues that federal securities law permits issuer defendants in...more
12/16/2020
/ Certiorari ,
Class Action ,
Class Certification ,
Fraud-on-the-Market ,
FRCP 23 ,
Goldman Sachs ,
Material Misrepresentation ,
Materiality ,
Presumption of Reliance ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Litigation ,
Stock Prices
Last month, the Delaware Chancery Court drastically reduced – from $275,000 to $50,000 – a mootness fee award requested by plaintiffs’ counsel in a lawsuit challenging the merger between PayPal and Xoom Corporation, finding...more
9/14/2016
/ Breach of Contract ,
Controlling Stockholders ,
Corporate Counsel ,
Derivative Suit ,
Fee Reductions ,
Fiduciary Duty ,
Material Misstatements ,
Mergers ,
Mootness ,
Omissions ,
PayPal ,
Proxy Statements ,
Securities ,
Supplemental Disclosures