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23 Feb 2012, 12:46 pm by Ted Allen
Shareholders bear the ultimate costs of defending court class actions, funding settlements, and indemnifying officers and directors. [read post]
23 Jan 2022, 5:38 am by Kevin LaCroix
The court denied in substantial part the defendants’ second motion to dismiss in the securities class action on September 25, 2019. [read post]
12 Apr 2016, 4:49 pm by Kevin LaCroix
A total of 70% of the 2015 accounting-related cases named smaller companies as defendants. [read post]
5 May 2014, 3:48 am by Kevin LaCroix
  The new securities lawsuits involving Lihua may involve some potentially sensational allegations but in at least one respect they are consistent with many U.S. securities lawsuit filings in recent years, in that they involve a non-U.S. company defendant – and in particular, they involve a U.S. [read post]
22 Jul 2016, 4:00 am by Berniard Law Firm
The Louisiana Third Circuit Court of Appeals recently decided that the protection afforded under this form of company was enough to protect the defendant from going forward to full trial. [read post]
30 Jul 2021, 9:10 am
  Recovering Damages From Personal Injury Caused by Negligent Security Depending on the situation, there are various parties that may be held liable for security negligence, some of which are the property owner, the security company, the property management company, and the state or municipal government. [read post]
14 Nov 2021, 2:13 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]
11 Feb 2013, 7:00 am by Mark Astarita
If so, we should see a rise in the interest in such plans once again.For those unfamiliar with these plans, a 10b5-1 plan is used by insiders in public company to sell securities of their company, without running afoul of insider trading laws. [read post]
6 Jul 2021, 11:47 am by Kevin LaCroix
By my count, of the 15 SPAC-related securities class action lawsuits that have been filed so far this year, eight arose after the defendant company was the subject of a short seller report. [read post]
15 Feb 2013, 12:22 am by Kevin LaCroix
  Two-thirds of the 2012 securities class action filings in Canada were brought against companies in the mining or oil and gas sectors. [read post]
26 Aug 2019, 5:00 am by Bruce Schneier
And the NSA routinely assists in securing business and consumer systems, including helping Google defend itself from Chinese hackers in 2010. [read post]
20 Feb 2018, 4:17 pm by Kevin LaCroix
The company’s CEO has come out defending the company’s action and his sales of a portion of his holdings of the company’s stock. [read post]
23 Apr 2013, 12:33 am by Kevin LaCroix
The authors attribute this seeming contradiction to company size, as larger companies tend to settle later than smaller companies. [read post]
17 Dec 2013, 11:57 pm by Kevin LaCroix
 On average, six individual defendants are named in cases involving a bankrupt company, compared to five individuals where the company is solvent. [read post]
11 Oct 2016, 2:00 pm by Lax & Neville LLP
 The Complaint charges the Defendants with violating the antifraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934 (“The Exchange Act”). [read post]
14 Jul 2021, 2:22 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]
13 Mar 2007, 6:25 am
Batts dismissed a case brought against the directors and officers of Cornerstone Internet Solutions ("defendants"), a now-bankrupt Internet-based services company. [read post]
8 Jun 2011, 2:48 pm by Fred Tung
 Yesterday Amanda Rose presented her very interesting project entitled Policing Public Companies:  An Empirical Examination of the Role of State Securities Regulators. [read post]
21 Jan 2021, 1:28 pm by Kevin LaCroix
The complaint alleges that the defendants violated Sections 11, 12(a)(2), and 15 of the Securities Act of 1933. [read post]
13 Mar 2017, 10:52 am by Steven Cohen
Plaintiffs filed a class action lawsuit against defendant arguing that they wrongly inflated their stock and concealed the truth about the condition of the company. [read post]