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10 Oct 2015, 5:46 am by John Jascob
It made no sense to the court that the shareholder would sell his shares in reliance on statements about himself that he knew were false (Salvani v. [read post]
17 Feb 2010, 3:29 am by Andrew Lavoott Bluestone
Contrary to petitioners' contention, however, the petition fails to state a cause of action for fraud or constructive fraud against either HSBC or respondent law firm because it fails to make a "factually supported allegation" of misrepresentation (Pope v Saget, 29 AD3d 437, 441, lv denied 8 NY3d 803; see Simmons v Washing Equip. [read post]
12 Mar 2012, 12:08 pm
” The decision provides important clarification on the standard laid out by the United States Supreme Court in Morrison v. [read post]
19 Jun 2013, 4:45 am by Dolly Krishnaswamy
Dish Oral Arguments En BancOn Tuesday, November 9, 2010, the United States Court of Appeals for the Federal Circuit heard oral arguments in TiVo, Inc. v. [read post]
30 Jan 2017, 1:22 pm
Adkins Holding:  (1) The traditional business judgment rule applies to a disinterested and independent board of directors' refusal of a stockholder litigation demand, not the modified business judgment rule established in Boland v. [read post]
In the press release, Black & Decker stated “[p]ersonal business relationships between individuals (as opposed to relationships with the company) generally are not relevant to the independence tests under the New York Stock Exchange rules because they do not create a material relationship between a director and the company. [read post]
6 Jan 2009, 7:57 pm
In racketeering, securities fraud and obstruction trial involving an FBI agent who passed law enforcement information to a co-defendant to benefit from stock trades, evidence concerning one defendant's "possible ties to the 9/11 terrorist attacks" was not unfairly prejudicial where curative instructions were given, the defense opened the door to the issue, and the trial court took extra precautions to limit the evidence, in United States v. [read post]