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22 Nov 2021, 12:48 pm
The plaintiffs’ track record against defendant companies that experienced coronavirus outbreaks in their facilities is particularly poor; thus, dismissal motions were granted in the COVID-19-related securities lawsuits that filed against Norwegian Cruise Lines (discussed here) and Carnival Corp. [read post]
22 Nov 2021, 8:11 am
Child Identity Theft Because identity theft has become so widespread over the past several years, financial institutions and credit card companies are always implementing new security checks to fight against fraud. [read post]
22 Nov 2021, 7:56 am
” Suex was facilitating transactions involving proceeds from at least eight ransomware variants, and “over 40% of the company’s known transaction history [was] associated with illicit actors. [read post]
22 Nov 2021, 7:23 am
Side C provides coverage for claims made against the company, which for public companies is usually limited to alleged violations of securities laws. [read post]
21 Nov 2021, 9:31 pm
And I heard that the plaintiff, a publicly traded U.S. company represented by Quinn Emanuel, even sued (over its actually invalid patent) the couple that runs the company (and owns many of its shares) personally, seeking 17 million euros in damages from those people, depriving them of the benefits of their company's liability limitation.Suing executives personally in Germany is a tactic I discussed in a post last year. [read post]
21 Nov 2021, 10:51 am
” The complaint alleges that the defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. [read post]
21 Nov 2021, 10:50 am
The complaint alleges that the defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. [read post]
19 Nov 2021, 10:47 am
The following guest post examines the ways that sound corporate governance structures and practices can help position companies to be able to defend themselves in the event of litigation. [read post]
19 Nov 2021, 10:33 am
A November 2019 press release reports on settlements with Freedom Pharmaceuticals, Inc. and Pharmacy Services Inc., “which were also defendants in this matter. [read post]
19 Nov 2021, 8:29 am
Duties include: (1) Participating in the development of TCC policies, procedures and programs and providing continuing counsel and guidance on legal matters; (2) Representing the company in legal proceedings and assisting with the coordination and management of outside counsel and litigation; (3) Interacting with members of TCC, the legal profession, officials of state and federal government; (4) Assisting programs in negotiation and drafting agreements; and (5) Providing legal advice and… [read post]
19 Nov 2021, 3:27 am
LLC (Federal Reserve Release)New Obstruction-Related Charges Filed Against Former Bank Vice President Convicted In Insider Trading Securities Fraud Scam / Convicted Fraudster Allegedly Ginned Up False Letters Of Support In Bid To Obtain Light Sentence for Securities Fraud Crimes (DOJ Release)Joliet Financial Advisor Indicted on Federal Fraud Charges for Allegedly Swindling Clients Out of Nearly $800,000 (DOJ Release)SEC Obtains Final Judgments for More Than $6 Million Against… [read post]
18 Nov 2021, 1:46 pm
One of the most substantial securities litigation phenomena so far in 2021 has been the rising tide of securities litigation relating to SPACs and SPAC-acquired companies. [read post]
18 Nov 2021, 3:00 am
Damages are secured in either of two ways: having an out-of-court settlement of your case with the pharmaceutical company and others you are suing or taking the case to court and having a judge or jury award you the compensation after a successful trial. [read post]
18 Nov 2021, 3:00 am
Damages are secured in either of two ways: having an out-of-court settlement of your case with the pharmaceutical company and others you are suing or taking the case to court and having a judge or jury award you the compensation after a successful trial. [read post]
18 Nov 2021, 3:00 am
Damages are secured in either of two ways: having an out-of-court settlement of your case with the pharmaceutical company and others you are suing or taking the case to court and having a judge or jury award you the compensation after a successful trial. [read post]
17 Nov 2021, 3:51 pm
And as information security leaders warned, that free-for-all left the company wide open to “internal threat actors” while simultaneously making it inordinately difficult to track where all of Amazon’s data was flowing…” [read post]
16 Nov 2021, 2:13 pm
The plaintiff’s complaint alleged that the defendant directors violated their duties to the company and shareholders by falling short of stated objectives on diversity and inclusion and by falling to include a single African American either on the board or among the company’s senior officers. [read post]
16 Nov 2021, 9:56 am
The Court concludes that it does not and will grant Defendants' motions…. [read post]
15 Nov 2021, 1:09 pm
The defendants in the action included Ma Xingtian, Kangmei’s former chairman and general manager, and five other company officials, as well as GP Certified Public Accountants, Kangmei’s auditor. [read post]
15 Nov 2021, 4:26 am
According to Kocak, during the negotiations he and Dargin agreed that if, in the future, Dargin wanted to buy the remaining 25% and Kocak wanted to sell, they would perform a valuation of the company at the then-present value to determine the price. [read post]
