In a recent decision, the Fourth Circuit considered a class action lawsuit brought by shareholders of a biopharma company, INC Research Holdings, Inc. (now Syneos Health Inc.). The shareholders had voted to approve a merger...more
1/9/2024
/ C-Suite Executives ,
Class Action ,
Control Person ,
Mergers ,
Securities Act of 1933 ,
Securities Exchange Act ,
Securities Fraud ,
Shareholder Approval ,
Shareholder Litigation ,
Shareholders ,
Stock Prices
The Fourth Circuit dismissed an investor’s lawsuit against a hotel chain that had been subject to a data breach, ruling that the company had not made false or misleading public statements about its protection of customer...more
5/19/2022
/ Appeals ,
Class Action ,
Corporate Counsel ,
Cybersecurity ,
Data Breach ,
Data Security ,
False Statements ,
Institutional Investors ,
Internal Controls ,
Marriott ,
Misleading Statements ,
Popular ,
Rule 10(b) ,
Securities Exchange Act ,
Securities Fraud ,
Shareholder Litigation
The Eastern District of North Carolina recently granted summary judgment for the defendant in a securities fraud action, holding that the plaintiff had failed to prove either scienter or reliance where alleged verbal...more