The Maine Office of Securities enforces Maine’s securities laws, licenses broker-dealers, broker-dealer agents, investment advisers, and investment adviser representatives, and reviews registration statements and exemption...more
8/28/2023
/ Broker-Dealer ,
Cease and Desist Orders ,
Chapter 11 ,
Consent Order ,
Cryptocurrency ,
Digital Assets ,
Enforcement ,
Investment Adviser ,
NASAA ,
Promissory Notes ,
Robinhood Financial ,
Settlement ,
Unlicensed Professionals
Last Updated September 9, 2020
As New Hampshire continues its phased reopening following COVID-19 business closures, new orders and sector-specific guidance place significant obligations on businesses with respect to...more
Last updated December 23, 2020
These restrictions are changing rapidly – please check back regularly for updates, or refer to state websites
In response to the COVID-19 pandemic and its threat to public health from...more
On Thursday, March 26, 2020, Governor Christopher T. Sununu issued Emergency Order #17 requiring non-essential businesses to close and Granite State citizens to stay at home. The order takes effect at 11:59 pm on March 27,...more
Parties to merger, acquisition, and financing agreements may be considering whether the COVID-19 pandemic affects their obligation to close the deal. ...more
Since declaring a state of emergency related to the Novel Coronavirus (COVID-19) pandemic, New Hampshire Governor Christopher Sununu has issued 10 orders pursuant to that declaration....more
The Delaware Court of Chancery—the nation’s leading forum for corporate and M&A disputes—recently provided a roadmap for how to limit post-closing litigation exposure by eliminating certain fraud claims....more
The nation’s leading forum for business and shareholder disputes recently confirmed that alternative entities such as limited liability companies (LLCs), limited partnerships (LPs) and master limited partnerships (MLPs) can...more
12/22/2016
/ Appeals ,
Conflicts of Interest ,
Contract Terms ,
Covenant of Good Faith and Fair Dealing ,
DE Supreme Court ,
Dismissals ,
Fiduciary Duty ,
Judicial Review ,
Limited Liability Company (LLC) ,
LLPs ,
Managing Members ,
Partnership Agreements ,
Waivers
On December 6, 2016, the U.S. Supreme Court issued its first insider trading decision in nearly two decades unanimously affirming the Ninth Circuit and holding that an insider’s “gift” of confidential information to a...more
12/9/2016
/ Confidential Information ,
Dirks v SEC ,
Financial Markets ,
Illegal Tipping ,
Insider Trading ,
Non-Public Information ,
Personal Benefit ,
SCOTUS ,
Securities Violations ,
Tippees ,
Tippers ,
US v Newman ,
US v Salman ,
White Collar Crimes
On November 28, 2016, the First Circuit upheld the dismissal of all but one of the class action securities fraud claims against Cambridge, MA drug company, ARIAD Pharmaceuticals, Inc., reaffirming the exacting pleading...more
12/1/2016
/ Class Action ,
Financial Markets ,
Food and Drug Administration (FDA) ,
Material Misstatements ,
Pharmaceutical Industry ,
Pleading Standards ,
Prescription Drugs ,
PSLRA ,
Rule 10(b) ,
Rule 10b-5 ,
Scienter ,
Section 11 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Fraud ,
Securities Litigation ,
Stock Drop Litigation ,
Stocks
In re Kenneth Cole Productions, Inc. Shareholder Litigation -
We previously reported on the Delaware Supreme Court’s landmark decision in Kahn v. M&F Worldwide Corp. (MFW) applying the deferential, defendant-friendly...more
This week the Supreme Court resolved a split among federal appellate courts over whether a statement of opinion in a company’s registration statement can be actionable under Section 11 of the Securities Act of 1933 if the...more
Shareholder litigation is on the rise, increasing the cost of doing business; and companies often face litigation on multiple fronts, further increasing litigation exposure. In 2013, 94 percent of M&A deals were challenged by...more
Earlier this spring, in our post titled, The Supreme Court Ponders the Future of the Basic Presumption in Securities Litigation, we reported on the oral arguments before the Supreme Court in Halliburton Co. v. Erica P. John...more
Last summer, in our post titled Protecting Your Business Judgment: Recent Developments in Delaware Law on M&A Deals Involving Controlling Stockholders, we alerted you that two trial courts in the nation’s leading forum for...more
The Supreme Court recently heard oral argument in Halliburton Co. v. Erika P. John Fund, Inc. in advance of what could be the most important decision affecting securities litigation in recent history. The outcome of the...more
This summer, the Delaware Court of Chancery twice ruled that if robust procedural protections are used, a merger involving a company with a controlling stockholder will be reviewed under the deferential business judgment rule...more