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2 Feb 2022, 1:27 pm by Kevin LaCroix
-Listed Companies: There were 41 securities suits filing in 2021 against companies headquartered outside the U.S., compared to 74 in 2020. [read post]
29 Sep 2016, 5:08 pm by Kevin LaCroix
Among the groups typically excluded are “affiliates” of the class action defendant company. [read post]
6 Jan 2021, 1:51 pm by Kevin LaCroix
The sole individual defendant, the CEO of the go-forward company, had prior to the merger been an executive of the acquired company, not of the SPAC. [read post]
27 Jul 2005, 3:05 pm
[JURIST] A French court Wednesday found 13 individuals and companies in the Mont Blanc tunnel disaster [Wikipedia backgrounder] trial [JURIST report] guilty of manslaughter, with former French head of tunnel security Gerard Roncoli receiving a six month prison sentence. [read post]
16 Jul 2009, 12:15 pm by Joy Doss
" A "relief defendant" is defined as "a person who is not accused of wrongdoing in a securities enforcement action where that person: (1) has received ill-gotten funds; and (2) does not have a legitimate claim to those funds. [read post]
27 Aug 2012, 1:21 am by Kevin LaCroix
Judge Selna also reviewed a decision on which Petersen sought to rely arising out of the WorldCom securities litigation and under New York law. [read post]
12 Oct 2016, 9:49 am by Lax & Neville LLP
On September 27, 2016, the Securities and Exchange Commission (“SEC”) filed a complaint against oil services company Weatherford International PLC (“Weatherford”), consequently garnering a $140 million settlement related to fraudulent income tax accounting (the “Complaint”). [read post]
7 Jan 2016, 4:49 pm by Kevin LaCroix
In a very interesting December 23, 2015 opinion in the Rocket Fuel securities class action lawsuit in which she mostly granted the defendants’ motions to dismiss, Northern District of California Judge Phyllis Hamilton held that certain allegedly misleading statements made in a post on the company’s website were actionable under the federal securities laws. [read post]
1 Dec 2009, 8:43 am
These orders not only purported to freeze the assets of the defendants world wide but also appointed a Fiscal Agent for both Blech and some of his companies. [read post]
1 Dec 2015, 2:38 pm by Corey Harris
The Defendants were also charged with engaging in the offer and sale of unregistered securities under Sections 5(a) and 5(c) of the Securities Act for selling $20 million worth of shares in their virtual currency digital mining contract called a “Hashlet”. [read post]
The defendants were 13 individuals who were or had been officers or directors of public companies, five individual investors, ten investment funds/advisers and six public companies. [read post]
19 Aug 2021, 3:37 pm 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]
6 Aug 2022, 9:31 am by BrianCummings
While this isn’t completely inaccurate, it’s more accurate to say that the defendant is the property owner’s insurance company. [read post]
15 Jul 2013, 1:28 am by Kevin LaCroix
But still the train left the station on the Chinese company securities suit filing trend some time ago. [read post]
27 May 2019, 8:14 am by Kevin LaCroix
In a recent post, I commented on the settlement of a state court securities class action lawsuit relating to the defendant company’s secondary offering, suggesting in the post among other things that the state court suit was noteworthy because it was the first state court secondary offering-related securities suit of which I was aware. [read post]
7 Jun 2021, 12:31 pm by Astarita
 The defendants have agreed to pay more than $…Read the Full Press ReleaseHave a securities law question? [read post]
7 Jan 2015, 6:27 pm by John Jascob
The defendants also used shell companies to keep their scheme afloat. [read post]
7 May 2023, 7:01 am by Joseph B. Keller
Regulators view preventing interconnection with foreign adversaries as an essential measure in defending communications and data transmitted through cables from adversaries. [read post]
25 May 2011, 1:23 am by Kevin LaCroix
  The company defended itself from the charges (refer for example here). [read post]