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14 Jun 2024, 9:07 am by Jacob Medvedev
Key Takeaways The EPL decision demonstrates that a separate shareholder may be granted leave to pursue a similar derivative action to that of another shareholder that had been denied leave, and can even use the same legal counsel, as long as (a) the legal requirements for leave are met; (b) the personal circumstances of the second shareholder are sufficiently different than those of the first shareholder; and (c) the claim advances sufficiently different allegations. [read post]
13 Jun 2024, 12:00 am
So, if Series A is sued, assets contained in Series B and C are safe from liability. [read post]
12 Jun 2024, 9:05 pm by renholding
Supporting this, we find that the likelihood of (a) auditor turnover, (b) material accounting restatements, (c) class-action lawsuits, and (d) performance-related delistings all significantly increase with the intensity of pre-disclosure short selling. [read post]
11 Jun 2024, 6:00 am
<br/> <br/> </span> </li> <li> <span style="display: initial; font-weight: bold;"> <span style="display: initial; font-weight: bold;"> Part C </span> </span> <span style="display: initial;"> (Medicare Advantage): Offers an alternate way to receive your Medicare benefits through… [read post]
10 Jun 2024, 1:14 pm by John Hochfelder
It provided that (a) if the jury were to award a verdict of anything up to $1,000,000 against the owner then the defendant would pay $1,000,000, (b) if the jury were to award a verdict between $1,000,000 and $1,500,000 against the owner that is the amount the defendant would have to pay and (c) if the jury were to award a verdict of more than $1,500,000 against the owner then the defendant would pay only $1,500,000. [read post]
7 Jun 2024, 12:30 pm by John Ross
Back in the old days, Louis XIV would say "L'État, c'est moi. [read post]
7 Jun 2024, 10:12 am by Katitza Rodriguez
In contrast, Article 3(b) broadens the reach to include domestic and international evidence-gathering for activities deemed serious by national law, expanding the Convention's application to a wide array of any serious offenses regardless of their connection to cybercrime. [read post]
5 Jun 2024, 8:31 am by Kevin LaCroix
This is a problem for their D&O cover, particularly if the companies don’t have enough money set aside to pay their share of the defense costs required under the B and C sides of their policies. [read post]
4 Jun 2024, 4:49 pm by INFORRM
Qualified privilege under the 1996 Act  The relevant parts of the 1996 Act are as follows: “15 Reports, &c. protected by qualified privilege. (1)  The publication of any report or other statement mentioned in Schedule 1 to this Act is privileged unless the publication is shown to be made with malice, subject as follows. [read post]
4 Jun 2024, 9:30 am by Daniele Durkin
On March 21, 2024, in a bold regulatory move, Tennessee Governor Bill Lee signed the Ensuring Likeness Voice and Image Security (“ELVIS”) Act (Tenn. [read post]
3 Jun 2024, 9:00 pm by Jon May
This chapter is presented in advance of publication by the ABA to encourage review and comment on the author’s thesis so that he can identify any errors of fact or thought that ought to be corrected.There is a small but growing movement to remove any reference to zealous advocacy from ethical codes. [read post]
3 Jun 2024, 12:08 pm by Eugene Volokh
And to be sure, Fearless characterizes its contest as reflecting its "commitment" to the "[b]lack women-owned" business community. [read post]
3 Jun 2024, 11:37 am by Giles Peaker
Section 166 required the landlord to serve a notice specifying (a) the amount of the payment, (b) the date on which the tenant is liable to make it, and (c) if different from that date, the date on which he would have been liable to make it in accordance with the lease, with a payment date to be between 30 and 60 days after the notice. [read post]
2 Jun 2024, 9:01 pm by renholding
This event, together with its East Coast and now Midwest counterparts, offers regulators like me a unique opportunity to speak directly to leaders of the securities bar about issues of mutual concern. [read post]
2 Jun 2024, 7:12 am by Stewart Baker
(c) An algorithm modified in accordance with section (b) may not be used to assist any decision unless parties adversely affected by the modification are identified and notified. [read post]