In First Ever SEC Sanction for Allegedly Misleading COVID Related Disclosures, Cheesecake Factory Pays $125,000 Civil Penalty; New York State Appellate Court Dismisses Putative Securities Act Class Action on Merits for First...more
12/17/2020
/ Civil Monetary Penalty ,
Class Action ,
Consent Decrees ,
Coronavirus/COVID-19 ,
Dismissals ,
Form 8-K ,
Initial Public Offering (IPO) ,
Material Misstatements ,
Putative Class Actions ,
Sanctions ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Litigation ,
Securities Violations ,
Summary Judgment ,
Unregistered Securities
Delaware Supreme Court Holds Appraisal Action is Not “Securities Claim” Covered by D&O Insurance Policy; Delaware Supreme Court Affirms Dismissal of Derivative Claims Against Life Sciences Company For Failure to Plead Demand...more
11/9/2020
/ Appraisal ,
Covered Claims ,
Cryptocurrency ,
D&O Insurance ,
DE Supreme Court ,
Denial of Insurance Coverage ,
Derivative Suit ,
Dismissal With Prejudice ,
Dismissals ,
Enforcement Actions ,
Initial Coin Offering (ICOs) ,
Initial Public Offering (IPO) ,
Insurance Claims ,
Popular ,
Proposed Legislation ,
Publicly-Traded Companies ,
Securities Act ,
Securities Exchange Act ,
Securities Litigation ,
Token Sales
SEC Greenlights NYSE Proposal Modifying Direct Listings; SEC Expands Definition of Accredited Investor; SDNY Court Permits Trial To Proceed Against Former Lead Trader at Nomura Securities International; Delaware Chancery...more
9/14/2020
/ Accredited Investors ,
Amended Rules ,
Blockchain ,
Cryptocurrency ,
Direct Listing ,
Initial Public Offering (IPO) ,
Investment Opportunities ,
Investors ,
NYSE ,
Popular ,
Publicly-Traded Companies ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Securities Traders ,
Unregistered Securities
California Federal Court Denies Motion to Dismiss Securities Class Action Arising from Uber’s IPO; S.D.N.Y. Dismisses Ponzi Scheme Action Against HSBC Hong Kong for Lack of Personal Jurisdiction; Delaware Court of Chancery...more
8/27/2020
/ Advisory Committee ,
Appraisal Rights ,
Class Action ,
Dismissals ,
False Statements ,
Food and Drug Administration (FDA) ,
Initial Public Offering (IPO) ,
Investors ,
Legal Fees ,
Material Misrepresentation ,
Misleading Statements ,
Misrepresentation ,
Motion to Dismiss ,
Negligence ,
Omissions ,
Personal Jurisdiction ,
Pharmaceutical Industry ,
Ponzi Scheme ,
Putative Class Actions ,
Securities Act of 1933 ,
Securities Fraud ,
Securities Litigation ,
Securities Violations ,
Shareholders ,
Strict Liability ,
Uber