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31 Oct 2011, 7:42 am by Chris Castle
The prepackaged plan must also be voted on by shareholders of the soon-to- be bankrupt company before the company files its petition for bankruptcy. [read post]
29 Nov 2014, 4:30 pm by Nursing Home Law Center LLC
What was once a safe and secure haven has now become a dangerous place. [read post]
24 May 2016, 5:17 pm by Kevin LaCroix
Judge Pregerson also granted the defendants’ motion to dismiss the claims of the investors who purchased Toshiba shares on the Tokyo stock exchange. [read post]
30 Jun 2014, 5:00 am by J Robert Brown Jr.
  Plaintiffs:  "Halliburton urges us to overrule Basic’s presumption ofreliance and to instead require every securities fraud plaintiff to prove that he actually relied on the defendant’s misrepresentation in deciding to buy or sell a company’s stock";  "In either of those cases, a plaintiff would have to prove that he directly relied on the defendant’s misrepresentation in buying or… [read post]
3 Aug 2014, 6:27 am by SJM
Despite Ms McD’s acute mental health problems, settling into a new home could be achieved with appropriate treatment and the mortgage company was entitled to realise its security. [read post]
8 May 2009, 2:25 pm
  Moreover, the complaint alleges that the defendants violated TILA by failing to make timely written disclosures and failing to accurately disclose the amount being financed, the finance charge, the APR, the payment schedule, the total payment amount and the fact that the creditor has or will acquire a security interest in the consumer’s home. [read post]
18 Jul 2012, 8:28 pm
The agreement required the lender to advance the sum that was secured by the mortgage company to the borrower in intervals that were set forth in the agreement. [read post]
11 Oct 2011, 5:00 am by Misty Dalke
Clayton Peterson and Drew Clayton Peterson, No. 11-CV-5448 (SDNY, Filed Aug. 5, 2011), the Securities and Exchange Commission (“SEC”) brought charges against Clayton Peterson and his son Drew Peterson (collectively “Defendants”) for insider trading under Section 10(b) of the Securities Exchange Act of 1934 and Rule 10(b)-5. [read post]
15 Jan 2019, 7:26 am by Jack Watson, Beau Woods
Finally, NCSC-sponsored CyberFirst summer courses will train the next generation of technology professionals to defend against security threats to internet-of-things devices. [read post]
31 Jul 2009, 6:00 am
The SEC lawsuit also named the defendants' Southfield, Michigan-based companies, BBC Equities LLC and Bravata Financial Group Inc., as well as Antonio Bravata, 21, who allegedly assisted in the scheme. [read post]
19 Apr 2012, 5:00 am by Lina Jasinskaite
  The SEC asserted violations of Section 17(a) of the Securities Act of 1933 (“’33 Act”), Section 10(b) and Rule10b-5 of the Securities Exchange Act of 1934 (“’34 Act”), and certain sections of the Investment Company Act of 1940 (“’40 Act”). [read post]
26 Oct 2011, 3:06 pm by Doug Isenberg
The suit, filed in federal court in Virginia, named Dominique Alexander Piatti and his domain company, Dotfree Group SRO, as defendants, alleging that they were involved in hosting the Kelihos botnet. [read post]
3 Feb 2020, 4:58 pm by Kevin LaCroix
”   Finally, Judge Pregerson rejected the defendants’ argument that principles of comity required the U.S. court to forebear from proceeding with a lawsuit in the U.S. against Toshiba, a Japanese company. [read post]
29 Oct 2010, 5:00 am by Jeremy Liles
Under Rule 10b-5 of the Securities Exchange Act of 1934, a plaintiff must allege that the defendant “(1) made misstatements or omissions of material fact, (2) with scienter, (3) in connection with the purchase or sale of securities, (4) upon which the plaintiff relied, and (5) that the plaintiff's reliance was the proximate cause of its injury. [read post]
1 Mar 2017, 4:49 pm by Kevin LaCroix
The point is that these companies caught up in these kinds of investigations could face litigation exposures in their home countries, even if they do not face litigation exposures in the U.S. [read post]
5 Jan 2017, 4:37 pm by Kevin LaCroix
  An ADR is a U.S. dollar denominated form of equity ownership that represents foreign shares of the company held by a custodian bank in the company’s home country. [read post]
16 Nov 2011, 5:00 am by Ali Kaiser
’”  To allege security fraud in accordance with the Private Securities Litigation Reform Act (“PSLRA”), the plaintiffs’ complaint must “state with particularity facts giving rise to a strong inference that the defendant acted with the required state of mind. [read post]
In many cases, the defendants failed to obtain loan modifications for consumers, and some consumers lost their homes while waiting for the promised results. [read post]