Inside The Courts - March 2014 | Volume 6 | Issue 1

In This Issue:

- U.S. SUPREME COURT:

..Lawson v. FMR LLC, No. 12-3 (U.S. March 4, 2014)

..Chadbourne & Parke LLP v. Troice, No. 12-79 (U.S. Feb. 26, 2014)

- CLASS CERTIFICATION:

..In re BP p.l.c. Sec. Litig., MDL Nos. 10-md-2185, 4:10-md-2185 (S.D. Tex. Dec. 6, 2013)

..IBEW Local 90 Pension Fund v. Deutsche Bank AG, No. 11 Civ. 4209 (KBF) (S.D.N.Y. Oct. 29, 2013)

- DEMAND FUTILITY:

..Leyte-Vidal v. Semel, No. H037762 (Cal. Ct. App. Oct. 23, 2013)

- EXCHANGE ACT:

..Reese v. Malone, No. 12-35260 (9th Cir. Feb. 13, 2014)

..Bartelt v. Affymax, Inc., No. 13-01025 (N.D. Cal. Jan. 21, 2014)

..Integral Dev. Corp. v. Tolat, No. 12-06575 (N.D. Cal. Oct. 25, 2013)

- FIDUCIARY DUTIES:

..Books and Records:

Cook v. Hewlett-Packard Co., No. 8667-VCG (Del. Ch. Jan. 30, 2014

..Derivative Litigation:

Cottrell v. Duke, No. 12-3871 (8th Cir. Dec. 18, 2013)

..Mergers and Acquisitions:

- In re Answers Corp. S’holders Litig., No. 6170-VCN (Del. Ch. Feb. 3, 2014)

- Great Hill Equity Partners IV, LP v. SIG Growth Equity Fund I, LLLP, 80 A.3d 155 (Del. Ch. Nov. 15, 2013).

..Offerings:

..Becker v. Inland Am. Real Estate Trust, Inc., No. 13-cv-3128 (N.D. Ill. Nov. 18, 2013)

- MATERIALITY:

..Tabak v. Canadian Solar Inc., No. 13-1681 (2d Cir. Dec. 20, 2013)

- MISREPRESENTATIONS:

..City of Brockton Ret. Sys. v. CVS Caremark Corp., No. 09-cv-554 (D.R.I. Dec. 31, 2013)

..La. Mun. Police Emps. Ret. Sys., v. Green Mountain Coffee Roasters, Inc., No. 11-cv-289 (D. Vt. Dec. 20, 2013)

- PSLRA:

..Lead Plaintiff:

In re Lightinthebox Holding Co., No. 13 Civ. 6016 (S.D.N.Y. Nov. 21, 2013)

..Pleading Standards:

Takiguchi v. MRI Int’l, Inc., No. 13-01183 (D. Nev. Dec. 11, 2013)

- SCIENTER:

..Jones v. Perez, No. 13-2195-cv (2d Cir. Dec. 26, 2013)

- SECURITIES ACT CLAIMS:

..Freidus v. ING Groep, N.V., No. 12-4514 (2d Cir. Nov. 22, 2013)

- SECURITIES FRAUD PLEADING STANDARDS:

..In re MF Global Holdings Ltd. Sec. Litig., No. 11 Civ. 7866 (S.D.N.Y. Nov. 12, 2013)

- STANDING:

..CILP Assocs., L.P. v. Lipper Convertibles, L.P., Nos. 11-4904-cv, 11-4905-cv, 11-5104-cv, 11-5106-cv (2d Cir. Nov. 8, 2013)

- WHISTLEBLOWER PROTECTIONS:

..United States v. Quest Diagnostics, Inc., No. 11-1565-cv (2d Cir. Oct. 25, 2013)

- Excerpt from U.S. SUPREME COURT: Lawson v. FMR LLC, No. 12-3 (U.S. March 4, 2014):

Supreme Court Clarifies Scope of Sarbanes-Oxley Whistleblower Protections to Include Employees at Private Firms That Contract With Publicly Traded Companies:

In a 6-3 decision (Justice Ginsburg), the U.S. Supreme Court held that the Sarbanes- Oxley Act’s whistleblower protections apply to employees of a public company’s private contractors and subcontractors. The question presented was whether Section 1514A of Sarbanes-Oxley, which protects employees of public companies from retaliation for reporting potential misconduct, extends to employees of a private company that works as a contractor for a public company. Two employees of a private investment advisor sought protection under Section 1514A. The employees alleged retaliation after they raised concerns related to the cost-accounting methodologies and SEC disclosures of a family of public mutual funds...

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Written by:

Skadden, Arps, Slate, Meagher & Flom LLP
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