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17 Feb 2022, 3:39 pm
Even before this bill was introduced, in February 2021, security forces raided a newly opened LGBTQI+ center, resulting in its closure. [read post]
17 Feb 2022, 1:03 pm
But in the absence of evidence that an influencer is making the statement on behalf of the defendant or at the defendant’s direction or under its control rather than simply for its own benefit, the company cannot be held liable on a principal– agent theory. [read post]
17 Feb 2022, 12:48 pm
The DOL is asking the company to pay the employee damages and compensatory damages, among other things. [read post]
17 Feb 2022, 12:43 pm
” 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]
17 Feb 2022, 10:28 am
Enlow is the security operations manager of Jones’s media company, Free Speech Systems, LLC. [read post]
16 Feb 2022, 1:32 pm
Now, the company says that it’s bracing for a civil complaint filed by the California Department of Fair Employment and Housing, which disclosed the notice of litigation in its annual regulatory filing with the Securities and Exchange Commission. [read post]
16 Feb 2022, 12:39 pm
Like the settlements criticized in Trulia, the federal court mootness fee settlements provide no benefit to the company shareholders and serve as a deal tax on almost every M&A transaction involving a public company. [read post]
16 Feb 2022, 7:52 am
According to the complaint, the officer defendants were intimately involved with the company's most significant source of revenue and were motivated to maintain an appearance of financial health before public offerings. [read post]
16 Feb 2022, 5:01 am
Nevertheless, the public can now purchase shares in IonQ Inc., a pure-play quantum computing company that is listed on the New York Stock Exchange through the controversial but increasingly common practice of using a SPAC (special purpose acquisition company). [read post]
16 Feb 2022, 5:00 am
Military and government officials who have security clearance are examples of those who have to face a new reality as a result of DUI. [read post]
15 Feb 2022, 2:20 pm
Plaintiff [insurance company] alleges that leading up to and including the date of the accident, Defendants had not disclosed Defendant Orellana as an employee in the weekly payroll reports submitted to Plaintiff, nor did Defendants pay premiums for Defendant Orellana. [read post]
15 Feb 2022, 2:05 pm
These suits differ from traditional shareholder litigation insofar as the potential defendants include not only the surviving public company and its directors, but also the SPAC, its sponsor, and their principals. [read post]
15 Feb 2022, 9:23 am
The court explained that it was a mistake for companies to defend § 220 cases on the merits of a potential underlying claim for several reasons, including that a stockholder does not need to demonstrate an “actionable claim”–but rather only needs to demonstrate a credible basis. [read post]
14 Feb 2022, 12:25 pm
Porsche Automobile Holdings SE, 763 F.3d 198 (2d Cir. 2014), where the plaintiffs were a group of international hedge funds that engaged in securities-based swap agreements in the United States (i.e., derivative securities), based upon the share price of Volkswagen AG, a German public company whose shares were not traded on a U.S. exchange. [read post]
14 Feb 2022, 6:04 am
Last week, a federal judge in California denied a motion to dismiss a novel SEC action alleging what has become known as “shadow insider trading”—trading in the securities of a company other than the company the defendant knew was the target of a confidential takeover bid. [read post]
14 Feb 2022, 4:44 am
The Court wrote, “Defendant has repeatedly stated under oath to this court that plaintiff’s shares were ‘worthless’ unless the company obtained an additional $75 million in financing, which he conceded would never happen. [read post]
14 Feb 2022, 3:42 am
Privacy International has a long read on how Privacy and Data Protection Law can help defend Migrants’ Rights. [read post]
13 Feb 2022, 8:03 am
Recommendation on the ethics of artificial intelligence PREAMBLE The General Conference of the United Nations Educational, Scientific and Cultural Organization (UNESCO), meeting in Paris from 9 to 24 November 2021, at its 41st session, Recognizing the profound and dynamic positive and negative impacts of artificial intelligence (AI) on societies, environment, ecosystems and human lives, including the human mind, in part because of the new… [read post]
13 Feb 2022, 5:46 am
In addition to the securities lawsuit, shareholder plaintiffs filed several shareholder derivative lawsuits against certain current and former directors and officers of the company, as well as against the company as nominal defendants. [read post]
10 Feb 2022, 6:30 am
For instance, these defendants may remain subject to state prosecution. [read post]
