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
On September 19, 2017, the Consumer Financial Protection Bureau (“CFPB”) announced a simultaneous complaint and proposed consent order with a loan brokerage company and two associated individuals (the “Defendants”). The...more
On July 25, 2017, the Virginia Attorney General’s Office (Virginia AG) announced that it had reached a settlement with a small-dollar open-end credit lender. According to the Virginia AG, the lender offered open-end cash...more