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16 Jan 2024, 1:19 pm by Kevin LaCroix
That yields a 28% dismissal rate over the last three years, with mean and median settlements of $2.83 million and $2.5 million, respectively.[16] The market capitalization losses attributable to the cohort of open short-seller-driven securities class actions we have analyzed amount to approximately $22 billion.[17] Short-sellers disseminate information that may not be materially factual. [read post]
11 Jan 2024, 6:44 am by INFORRM
The case ultimately settled for $787.5 million, the claim itself being valued at $1.6 billion. [read post]
4 Jan 2024, 7:59 am by Unknown
Attorney Damian Williams last week said the government does not plan to proceed with a second trial of former FTX Chief Executive Sam Bankman-Fried, as widely expected, stating much of the evidence planned for a second trial had already been presented in the first one and could be considered by the court at Bankman-Fried’s March 2024 sentencing (U.S. v. [read post]
The Hindenburg report claimed the Adani Group’s activities had led to a $135 billion USD loss for several listed companies. [read post]
2 Jan 2024, 8:35 pm by The Law Blogger
 Despite its stated mission, as the potential for this powerful computing tool came into better focus, Microsoft jumped aboard with billions of venture capital in exchange for a 49% ownership of Open AI's for profit subsidiary. [read post]
2 Jan 2024, 12:56 pm by Kevin LaCroix
The failed banks’ $548.7 billion in combined asset value represents the highest amount for failed banks in a single year, ever. [read post]
31 Dec 2023, 6:12 am by Ross Schulman
These indie hosts face similar liability risks and governmental threats as the billion dollar companies. [read post]
28 Dec 2023, 9:05 pm by Noah Brown
Supreme Court’s decision in Dobbs v. [read post]
21 Dec 2023, 12:20 pm by Jason Ostendorf
(SIRC) initiated a major legal action by filing a $1.1 billion lawsuit against former CEO David M. [read post]
21 Dec 2023, 5:12 am by husovec
DSA before Courts After being designated, Amazon and Zalando filed their lawsuits against the designation decisions (Amazon v EC (T-367/23), and Zalando v EC (T-348/23)). [read post]
20 Dec 2023, 12:22 pm by NARF
The Honorable Lawrence Parish (Criminal Jurisdiction; McGirt v. [read post]