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15 Jan 2019, 2:48 pm by Kevin LaCroix
   This question was left unanswered for a very long time, until the United States Supreme Court (the “Supreme Court”) resolved it in  Cyan, Inc. v. [read post]
2 Jan 2018, 5:08 pm by Kevin LaCroix
For example, in February 2017, the New York Appellate Division, First Department, applying New York law, reversed a lower court’s rejection of the disclosure-only settlement of a suit that had been filed in connection with Verizon’s proposed acquisition of Vodafone subsidiaries holding ownership interests in Verizon Wireless, as discussed here. [read post]
7 Sep 2015, 2:47 pm by Kevin LaCroix
However, the court held, the bylaw does not apply to the officers. [read post]
22 Nov 2021, 12:27 pm by Lori J. Sommerfield
  Although the CFPB filed a redlining lawsuit against Townstone Financial, Inc., a nonbank mortgage lender, in 2020, the DOJ has not previously pursued redlining allegations against nonbanks, so this will break new ground for that agency. [read post]
5 Feb 2011, 10:22 am by Steve Bainbridge
The dispersed nature of stockownership, moreover, makes bilateral negotiation of specialized safeguards especially difficult: Arrangements among a corporation, the underwriters of its debt, trustees under its indentures and sometimes ultimate investors are typically thoroughly negotiated and massively documented. [read post]
5 Aug 2008, 3:36 pm
Cuomo's office said its five-month probe showed the bank "committed fraud by making material misrepresentations and omissions" in its underwriting, distribution and sale of the securities. [read post]
13 Mar 2015, 6:40 am
`In choosing the proper standard to apply, the district court should focus on the ‘nature’ of the [defendant's] speech. . . . [read post]
25 Feb 2020, 2:32 pm by Kevin LaCroix
In the following guest post, Jay Knight, Taylor Wirth and Chris Johnson of the Bass, Berry & Sims law firm review the key developments at the Securities and Exchange Commission (SEC) during 2019, and consider what to expect in the months ahead. [read post]
9 Nov 2023, 9:01 pm by renholding
This rule provided Crown Bridge with a safe harbor from the statutory definition of being an “underwriter,”[8] which allowed the firm to resell shares from converted notes without the need to register the resales under the Securities Act. [read post]
4 Sep 2018, 3:35 pm by Kevin LaCroix
Supreme Court issued its unanimous decision in Cyan, Inc. v. [read post]
6 Mar 2008, 12:16 pm by Thornhill Law Firm, APLC
(3) The provisions relative to suspension of payment due to arson shall not apply to a bona fide lender which holds a valid recorded mortgage on the property in question [read post]