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
SEC’s Disgorgement Authority Expanded Under National Defense Authorization Act for Fiscal Year 2021; Delaware Court of Chancery Rejects Derivative Claim Based On Deficient Anti-Money Laundering Compliance Efforts: “Bad...more
1/13/2021
/ Anti-Money Laundering ,
Breach of Duty ,
Derivative Suit ,
Disgorgement ,
Duty of Loyalty ,
Enforcement Authority ,
Failure To State A Claim ,
Motion to Dismiss ,
NDAA ,
Personal Jurisdiction ,
Putative Class Actions ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Securities Litigation ,
Securities Violations ,
Shareholders ,
Unjust Enrichment
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 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