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5 Mar 2023, 1:24 pm
Well-advised companies and their executives that adopt plans that avoid the abuses will have an important tool in their arsenal if they are called upon to defend themselves in a securities suit. [read post]
28 Jan 2010, 2:02 am
As part of the settlement, the company agreed to pay plaintiffs’ counsel $1.6 million and the company agreed to adopt certain corporate governance measures. [read post]
9 Apr 2014, 3:40 am
The only defendants in this action were the corporate parent company and certain of its operating subsidiaries. [read post]
18 May 2020, 5:03 pm
The companies appealed. [read post]
23 Jul 2019, 7:03 am
The defendants in the case, David Lundberg and Michael Elzufon, were members or sponsors of four Kansas limited liability companies that owned real property and had "substantial operations" in Kansas. [read post]
1 Jun 2022, 1:55 pm
Global Security Solutions, Inc., decided today by Judge Denise Cote (S.D.N.Y.): Phil Neuman has sued defendants Global Security Solutions, Inc. [read post]
31 Oct 2023, 3:02 pm
Among other things, the company was also hit with a securities class action lawsuit following the news of the hack; the securities suit partially survived a motion to dismiss and ultimately settled for $26 million. [read post]
8 Mar 2022, 12:53 pm
These themes are as follows US federal securities class actions – how many, how expensive to defend and are cases settling early? [read post]
8 Jun 2011, 9:39 am
District Court for the District of Columbia on behalf of four former security specialists the company classified as independent contractors. [read post]
5 May 2009, 6:21 pm
The company’s share price declined and plaintiffs filed several securities class action lawsuits. [read post]
19 Feb 2010, 11:46 am
The DOL had also secured a default judgment against another Houston, Texas company for wages due workers which arose from the same investigation. [read post]
13 Dec 2015, 5:03 pm
The typical securities lawsuit will allege that the defendants drove up the defendant company’s share price, and that the plaintiff class members were harmed because they paid an inflated price when they acquired their shares. [read post]
8 May 2020, 6:03 am
On the data security front, U.S. [read post]
15 Feb 2007, 5:10 am
Defense Attorneys Established that Class Action Complaint Failed to Adequately Plead Securities Fraud with Particularity as Required by Rule 9(b) and the Private Securities Litigation Reform Act of 1995 (PSLRA) but New York Federal Court Gives Plaintiffs Leave to Amend their Complaint Seven putative securities fraud class actions were filed against 51Job and several of its officers and directors alleging “false and misleading statements with respect to the… [read post]
28 Oct 2011, 2:00 am
Aside from Raj Rajaratnam, Gupta is certainly the most significant defendant to emerge from the Galleon investigation. [read post]
19 Jul 2016, 11:48 am
The plaintiff (SEC) claims that the defendant (Revelation) violated Rule 105 of Regulation M which prohibits a person from purchasing securities after making a short sale prior to the pricing of the securities in a firm commitment offering. [read post]
19 Jul 2016, 11:48 am
The plaintiff (SEC) claims that the defendant (Revelation) violated Rule 105 of Regulation M which prohibits a person from purchasing securities after making a short sale prior to the pricing of the securities in a firm commitment offering. [read post]
19 Jul 2018, 3:39 pm
The lead plaintiff in Powell worked for the defendant at JFK Airport for four years, according to her complaint. [read post]
19 Jul 2018, 3:39 pm
The lead plaintiff in Powell worked for the defendant at JFK Airport for four years, according to her complaint. [read post]
16 Feb 2011, 11:21 am
But these companies receive a large number of demands for private information from government agencies – subpoenas, National Security Letters, and other requests for personal information. [read post]
