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13 Jan 2023, 4:26 am
Under New York law, the most the companies can be fined is about $1.6 million. [read post]
12 Jan 2023, 7:00 am
If countries are willing to hold-up international research and disease response in order to secure ABS benefits for themselves, then they are also likely to use patents to extract further concessions from the international community. [read post]
12 Jan 2023, 12:15 am
Defendant's attorney should have chosen to go to jail and take his chances of release by a higher court. [read post]
11 Jan 2023, 1:26 pm
Defendant Rodgers is named as a defendant both in his capacity as a former officer of the SPAC and in his capacity as a director and officer of the de-SPAC company. [read post]
11 Jan 2023, 11:01 am
According to FINRA, Center Street Securities and Moloney Securities Co. sold GP Automotive and GP Holdings to investors without advising them that neither company had filed updated financial statements. [read post]
11 Jan 2023, 10:58 am
In its enforcement actions against Prudential Security, O-I Glass, Inc., and Ardagh Group, S.A. the FTC alleges that the Defendant employers’ practice of requiring employees to execute post-employment non-competes constitutes an unfair method of competition. [read post]
11 Jan 2023, 10:47 am
According to FINRA, FSC Securities, Royal Alliance, SagePoint Financial, and Woodbury Financial sold GP Automotive to investors without advising them the company had not filed updated financial statements. [read post]
11 Jan 2023, 9:51 am
Launched in 2018, Lensa is a product of Prisma Labs — a company based in Sunnyvale, California that recently topped the iOS app store’s free chart. [read post]
11 Jan 2023, 8:54 am
The same sort of allegations apply to the security company which didn’t do a good enough job to prevent the assault, or failed to have proper security checks and thereby allowed for weapons to enter the premises. [read post]
10 Jan 2023, 7:12 am
The district court agreed with the defendants, dismissing the suit based on forum non conveniens. [read post]
9 Jan 2023, 9:01 pm
Allegations relate to the financial crisis from over a decade ago where a number of financial institutions – including Deutsche Bank Securities, RBS Securities, and Wachovia Capital Markets – misled investors within offering documents on various securities issued by NovaStar. [read post]
9 Jan 2023, 4:19 am
Meta Head of Security Policy Nathaniel Gleicher said democracies of the world need to craft legislation to criminalise companies for making commercial surveillance software, CyberScoop reports. [read post]
6 Jan 2023, 9:28 am
After a jury found the defendant liable for three false statements, he appealed on the basis that the First Amendment sheltered some of the statements and that the verdict had insufficient evidentiary support. [read post]
6 Jan 2023, 4:36 am
The Taliban has signed a deal with a Chinese company to extract oil from northern Afghanistan. [read post]
6 Jan 2023, 3:00 am
The company announced the change and promised to “share more details” as the work got underway. [read post]
5 Jan 2023, 6:17 pm
In addition to the state law claims, plaintiff alleged that the company had made false and misleading statements in its proxy soliciting materials in violation of Securities Exchange Act Section 14(a). [read post]
5 Jan 2023, 2:26 pm
Contracts -- Employment -- Noncompete agreement -- Injunctions -- Temporary -- Legitimate business interest -- Extraordinary or specialized training -- Trial court erred by entering preliminary injunction enforcing a non-compete agreement because plaintiff, a terrazzo restoration company, did not prove that an injunction enforcing the restrictive covenants contained in the agreement was necessary to protect a legitimate business interest -- Evidence did not support … [read post]
5 Jan 2023, 2:22 pm
Jeff LubitzJarett SenaIn the following guest post, Jeff Lubitz, Managing Director, ISS Securities Class Action Services, and Jarett Sena, Director of Litigation Analysis, ISS Securities Class Action Services, take a detailed look at the largest securities class action settlements of 2022, and in particular at the largest 10 U.S. securities class action settlements during the year as well as the largest non-U.S. settlements. [read post]
5 Jan 2023, 5:01 am
Saifullah owned several businesses, buying one—a travel agency—as early as 1974 during his time as a student—and eventually owning others, including a media company, an import-export business for garments and other merchandise that catered to giant retail companies such as Walmart and K-Mart, and a real estate business. [read post]
5 Jan 2023, 3:30 am
I think most securities lawyers are a little paranoid when it comes to their public company clients’ interactions with securities analysts. [read post]
