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21 Apr 2020, 3:08 pm by Kevin LaCroix
The complaint also lists the company itself as a nominal defendant. [read post]
19 Jul 2019, 9:57 am by Astarita
”The SEC’s complaint charges the defendants with violating various antifraud, books and records, reporting, and internal controls provisions of the federal securities laws as well as with aiding and abetting violations. [read post]
2 Aug 2013, 5:05 pm by Alex Talarides
When a board of directors decides to enter the company into a change-of-control transaction, the board is charged with the duty to act reasonably to secure the best value reasonably attainable for its shareholders. [read post]
15 May 2023, 11:18 am 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]
2 Nov 2015, 12:11 pm by Rebecca Tushnet
  It’s a dealer for one of ADT’s rival security monitoring service companies, Monitronics International. [read post]
8 Aug 2012, 12:55 am by Kevin LaCroix
As I noted at the time that this suit was first filed back in July 2009 (here), the case, which alleged that the defendants had misrepresented Tronox’s environmental liabilities when the company was spun out of Kerr-McGee and thereafter, involved a host of recurring and interesting issues. [read post]
19 Aug 2013, 1:13 am by Editors
Is your law department actively involved with the data, privacy and security issues facing your company? [read post]
23 May 2011, 5:05 am
May 11, 2011), the United States Court of Appeals for the Second Circuit affirmed three lower court decisions holding that various defendant rating agencies, including The McGraw Hill Companies, Inc., Moody’s Investors Service Inc. and Fitch, Inc. [read post]
21 Jan 2014, 8:17 am by Kevin LaCroix
-listed companies and were involved in about 15% of all securities lawsuit filings, whereas in 2011, foreign companies represented about 16.4% of all U.S. listings, but were involved in about 27.7% of all securities lawsuit filings. [read post]
11 May 2023, 9:04 pm by Coral Beach
Department of Justice has secured a ruling enjoining Irvington Seafood Inc. from further distribution of certain crab meat products. [read post]
16 May 2021, 12:50 pm by Kevin LaCroix
Like many of the other companies named as defendants in these lawsuits, Danimer has been hit with a securities suit shortly after the company merged with a publicly traded SPAC. [read post]
14 Dec 2022, 1:23 pm by Kevin LaCroix
However, in a December 12, 2022 ruling in the securities case against the vaccine development company Novavax, the court denied the defendants’ dismissal motion in significant part. [read post]
3 Jan 2009, 12:50 pm
For many plaintiffs, this assignment to the life company alleviates the stress of future contact with the defendant, their insurer, or any party responsible for the injury".Is the above statement correct? [read post]
5 Nov 2017, 12:00 am by Anna Bernhardt
The court found that Defendants were under no duty to disclose the hypothetical tax consequences of a potential spin-off of the company’s automotive business because the Defendants themselves repeatedly made clear that the “indicated probability” of such spin-off was zero. [read post]
17 Apr 2023, 1:56 pm by Kevin LaCroix
First, she held that the plaintiffs’ allegations based on the defendants’ alleged statements concerning the company’s “commitment” to data security represent non-actionable statements of corporate aspiration or puffery. [read post]
7 Jul 2023, 6:40 am by Ronald V. Miller, Jr.
Claims can be brought against security companies, property management firms, property owners, and tenants who neglect to put reasonable safety precautions in place. [read post]