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20 Feb 2007, 6:43 am
It also appears that the SEC is trying to protect big accounting firms from large lawsuits filed by companies and investors. [read post]
21 Aug 2019, 3:17 pm
In an interesting development in a long-running legal battle in which for-profit education company Apollo Education Group is seeking D&O insurance coverage for its $13.125 million settlement of an options backdating-related securities class action lawsuit, the Ninth Circuit has certified to the Arizona Supreme Court the question of the standard of law to be applied to the insurance policy’s consent to settlement provisions. [read post]
13 Dec 2023, 3:06 pm
If they can prove that the defendant acted negligently, an investor may recover damages for their losses. [read post]
8 May 2019, 5:08 am
The appellate court did agree with the plaintiffs, however, that there were genuine issues of material fact regarding whether the defendants were aware they owed the plaintiffs a duty, whether the property owner had effectively passed her duty to the maintenance company, and whether the defendants engaged in negligent maintenance of the water feature. [read post]
8 May 2019, 5:08 am
The appellate court did agree with the plaintiffs, however, that there were genuine issues of material fact regarding whether the defendants were aware they owed the plaintiffs a duty, whether the property owner had effectively passed her duty to the maintenance company, and whether the defendants engaged in negligent maintenance of the water feature. [read post]
31 Jul 2017, 11:38 am
Plaintiff sued the defendant because they believe that they are entitled to post-termination commissions for sales of automotive parts they landed on behalf of the defendant. [read post]
4 May 2009, 2:53 am
Idearc itself filed for protection under the U.S. bankruptcy laws on March 3, 2009, and so is not named as a defendant in the securities lawsuit. [read post]
11 Aug 2023, 12:01 pm
That a purchaser bought the coins directly from the defendants or, instead, in a secondary resale transaction has no impact on whether a reasonable individual would objectively view the defendants’ actions and statements as evincing a promise of profits based on their efforts. [read post]
8 Mar 2007, 4:36 pm
The Skadden Arps partner represents Brocade’s former CEO Greg Reyes, who has been charged with criminal and civil securities fraud. [read post]
27 Jun 2018, 3:12 pm
The other defendants settled with the SEC; the action against Lorenzo proceeded to trial before an administrative law judge. [read post]
5 Dec 2022, 7:43 am
Our SEC whistleblower attorneys can help you if you have information regarding securities or investment fraud, violations of federal securities laws, false filings, market manipulation, or other misconduct. [read post]
9 Mar 2010, 5:10 pm
The Defendants: JAMES C. [read post]
26 Nov 2015, 9:30 pm
Securities and Exchange Commission (SEC) administrative law judges allegedly favor the SEC in their decisions, causing unfair hearings for defendants. [read post]
2 Jan 2018, 9:48 am
The Massachusetts real estate case involved an agreement providing that the plaintiffs would grant an easement to the company in exchange for a section of the company’s land. [read post]
6 Apr 2021, 1:54 pm
Common defendants in New York slip-and-fall cases are property owners, government or city entities, and construction or contracting companies. [read post]
28 Sep 2010, 6:00 am
The charges against the defendant are merely accusations and she is presumed innocent unless and until proven guilty. [read post]
29 Sep 2021, 7:47 pm
In federal court, there is a higher pleading standard for securities fraud complaints, and shareholders are not entitled to discovery until after the defendant’s dismissal motions have played out. [read post]
8 Jun 2016, 8:52 am
In this case, a privately held company purchased its employees' shares without disclosing that it was pursuing a lucrative merger. [read post]
16 Jan 2008, 4:04 am
Supreme Court Holds Plaintiffs filed a class action lawsuit against Charter Communications and others, including Scientific-Atlanta and Motorola as customers and suppliers of Charter Communications, alleging securities violations under § 10(b) of the Securities Exchange Act of 1934 (the Act) and SEC Rule 10b-5; specifically, the class action alleged that the customers/suppliers “agreed to arrangements that allowed the investors’ company… [read post]
24 Jan 2011, 12:03 am
Thus, the claims related to the six trusts from which the named plaintiffs never purchased securities were properly dismissed, as were the six trusts and defendants connected to nly those six trusts. [read post]