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13 Aug 2012, 1:13 am by Kevin LaCroix
In an August 19, 2011 order (here), Judge Batts granted the defendants’ motions to dismiss with respect to certain of the plaintiffs’ allegations, but she also ruled that the plaintiffs had adequately stated claims under the Securities Act of 1933 with respect to the company’s 2007, February 2008 and May 2008 securities offerings. [read post]
21 Jun 2012, 10:05 pm by Kevin LaCroix
Service of process on the individual defendants alone would in many cases pose significant challenges. [read post]
17 Aug 2022, 1:28 pm by Kevin LaCroix
”   The complaint alleges that the defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. [read post]
5 Feb 2016, 8:33 am by Alisha Parmar
The judge first hearing the application ordered security for costs for the actions against the three individual defendants, as the claims against them were weak, but refused to order security for costs for the claims against the corporate defendants. [read post]
30 Nov 2023, 12:06 pm by Kevin LaCroix
” The complaint alleges that the defendants violated Sections 11 and 15 of the Securities Act of 1933. [read post]
10 Oct 2011, 1:47 am by Kevin LaCroix
-Listed Chinese companies that began last year, on October 6, 2011, Southern District of New York Judge Miriam Goldman Cedarbaum granted the defendants’ motion to dismiss in the securities class action lawsuit filed against China North East Petroleum Holdings Ltd. and certain of its directors and officers. [read post]
25 Mar 2024, 12:31 pm by Kevin LaCroix
” The complaint alleges that the defendants violated Sections 10(b), 14(a), and 20(a) of the Securities Exchange Act of 1934 and Rules 10b-5 and 14a-9 thereunder. [read post]
21 Nov 2022, 1:10 pm by Kevin LaCroix
”   The complaint alleges that the defendants violated Sections 10(b) and 20 (a) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. [read post]
21 May 2023, 12:07 pm by Kevin LaCroix
Many of the previous SPAC-related securities suit filings also involved allegations raised in a short-seller report that caused the defendants company’s share price to decline. [read post]
12 Dec 2021, 5:10 pm by Kevin LaCroix
”   The complaint alleges that the defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. [read post]
29 Apr 2024, 10:04 am by Kevin LaCroix
There may also be legal theories where presumptions of reliance may be established without the need for a showing that the defendant company’s shares traded in an efficient market. [read post]
7 Jul 2022, 1:49 am by Kevin LaCroix
The securities complaint alleged that the company’s share price declined over 6 percent on this news. [read post]
5 Sep 2023, 11:23 pm by Kevin LaCroix
” The complaint alleges that the defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. [read post]
26 Feb 2014, 8:32 am by Yan Zhu
How to Protect Your Users from NSA Backdoors: An Open Letter to Technology Companies As security researchers, technologists, and digital rights advocates, we are deeply concerned about collaboration between government agencies and technology companies in undermining users' security. [read post]
21 Jun 2023, 2:28 pm by Kevin LaCroix
-listed China-based companies have been hit with securities class action lawsuits after Chinese government regulatory crackdowns that targeted the defendant companies’ industries or the companies’ business approach. [read post]
9 Nov 2022, 10:16 am by Kevin LaCroix
”   The complaint alleges that the defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. [read post]
16 Nov 2022, 1:25 pm by Kevin LaCroix
According to my reckoning, 21 of the 52 SPAC-related securities suits (about 40%) were filed after the publication of short-seller reports about the defendant companies. [read post]
2 Mar 2023, 12:53 pm by Kevin LaCroix
” The complaint alleges that the defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. [read post]