Delaware Chancery Court Dismisses Cigna Derivative Suit Over Failed Anthem Merger; The PCAOB Sanctions Former KPMG Vice Chair Of Audit For Failure To Supervise Senior Members Of KPMG's Audit Practice; Ninth Circuit Affirms...more
4/21/2022
/ Anthem Insurance ,
Board of Directors ,
Breach of Contract ,
Breach of Duty ,
CEOs ,
CIGNA ,
Civil Monetary Penalty ,
Class Action ,
Coronavirus/COVID-19 ,
Derivative Suit ,
Disgorgement ,
Dismissals ,
False Statements ,
Fiduciary Duty ,
KPMG ,
Material Misstatements ,
Mergers ,
Misleading Statements ,
Omissions ,
PCAOB ,
Publicly-Traded Companies ,
Putative Class Actions ,
Sanctions ,
Sarbanes-Oxley ,
Scienter ,
Securities Exchange Act of 1934 ,
Securities Litigation ,
Securities Transactions ,
Securities Violations ,
Shareholders ,
Short-Swing Trading
Delaware Chancery Court Dismisses Derivative Claim for Failure to Show Demand Futility; Federal Illegality of Marijuana Industry Bars Relief for Numerous Investor Claims; LIBOR Convictions of Former Deutsche Bank Traders...more
2/9/2022
/ Bank Fraud ,
Banking Sector ,
Board of Directors ,
Breach of Duty ,
Business Judgment Rule ,
Cannabis-Related Businesses (CRBs) ,
Controlled Substances Act ,
Corwin Doctrine ,
Demand Futility ,
Derivative Suit ,
Dismissal With Prejudice ,
Dismissals ,
Fiduciary Duty ,
Investors ,
Libor ,
Marijuana Related Businesses ,
Reversal ,
Securities Violations ,
Wire Fraud
Northern District of California Validates SEC’s “Shadow Trading” Theory of Insider Trading Liability; Seventh Circuit Reverses Dismissal of Stockholder Derivative Suit Against Boeing Based on Forum-Selection Bylaw; Delaware...more
1/27/2022
/ Board of Directors ,
Breach of Duty ,
Bylaws ,
Derivative Suit ,
Enforcement Actions ,
False Statements ,
Fiduciary Duty ,
Forum Selection ,
Insider Trading ,
Mergers ,
Misleading Statements ,
Putative Class Actions ,
Reversal ,
Securities and Exchange Commission (SEC) ,
Securities Violations
Delaware Federal Court Dismisses Shareholder Derivative Suit Concerning Lack of Board Diversity; California Federal Court Dismisses Shareholder Class Action Against Sorrento Therapeutics Regarding COVID-19 Treatment; Delaware...more
12/23/2021
/ Board of Directors ,
Cannabis-Related Businesses (CRBs) ,
Class Action ,
Coronavirus/COVID-19 ,
Derivative Suit ,
Discovery ,
Discovery Violations ,
Dismissals ,
Diversity ,
False Statements ,
Investment Fraud ,
Investors ,
Misleading Statements ,
Misrepresentation ,
Pharmaceutical Industry ,
Popular ,
Putative Class Actions ,
Rule 10b-5 ,
Scienter ,
Securities Exchange Act of 1934 ,
Securities Violations ,
Shareholder Litigation ,
Shareholders
Delaware Court of Chancery Dismisses Marriott Data Breach Derivative Suit; DOJ Announces Creation of National Cryptocurrency Enforcement Team; Fifth Circuit Applies New Standard for Disgorgement Orders In Securities Cases to...more
10/20/2021
/ Breach of Duty ,
Cryptocurrency ,
Data Breach ,
DE Supreme Court ,
Department of Justice (DOJ) ,
Derivative Suit ,
Disgorgement ,
Dismissals ,
Duty of Loyalty ,
Fiduciary Duty ,
Fund Managers ,
Investment Funds ,
Marriott ,
Securities and Exchange Commission (SEC) ,
Securities Litigation ,
Securities Violations ,
Statute of Limitations