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In Morrison, the Supreme Court limited investors’ ability to bring private 10b-5 securities fraud actions to cases where the securities at issue were purchased on a United States stock exchange or were otherwise purchased in the U.S. [read post]
19 Jul 2020, 12:39 pm
Among those methods conciliation has seen a successful revival, after many years of decline, in the case of Timor Leste v. [read post]
21 May 2022, 10:04 am
Kohn Announces 2022 Run for Small Firm Governor on FINRA Board of Governors2Cir Says Failure to Disclose SEC Investigation Is Material MisrepresentationJoseph Noto, Garden State Tire Corp., Stephens Johnson, Individually and on Behalf of All Others Similarly Situated, Plaintiffs/Appellants, v. 22nd Century Group, Inc., Henry Sicignano, III, John T. [read post]
31 May 2021, 7:51 pm by Peter Mahler
The New York Court of Appeals’ 2012 opinion in Pappas v Tzolis, decided in the wake and spirit of that court’s rulings the year before in the Centro Empresarial v America Movil and Arfa v Zamir cases, raised the bar for claims of fraud and breach of fiduciary duty brought by non-controlling shareholders and LLC members in connection with buyout transactions. [read post]
12 Jan 2009, 4:00 am
  Former Vice Chancellor Steele of the Delaware Court of Chancery, in a case called Gilbert v. [read post]
27 Jan 2014, 3:35 am by Peter Mahler
[Footnotes omitted] In the omitted footnotes, the opinion cites the above-mentioned Nixon v Blackwell and Supreme Court’s 2010 decision in Nemec v Schrader in which it rejected a claim that directors of Booz Allen breached fiduciary duty by exercising redemption rights under an officers stock plan to redeem the shares of retired officers at a lower price in anticipation of a lucrative merger with the Carlyle Group. [read post]
16 Jun 2011, 5:00 am by Susan Beblavi
  In addition to state standards and the requirements of SOX, the stock exchanges each have their own standards for independence. [read post]
9 May 2009, 6:00 am
In addition to state standards and the requirements of SOX, the stock exchanges each have their own standards for independence. [read post]
5 Apr 2018, 9:30 pm by Sarah Madigan
Using the case Bollea v. [read post]