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29 Mar 2020, 4:13 pm by Francis Pileggi
In a milestone opinion, the Delaware Supreme Court has ruled that the state’s corporation law permits Delaware chartered companies to designate the federal courts for all shareholder securities suits alleging disclosure violations in their initial and secondary public offerings in Salzberg et al. v. [read post]
7 Apr 2022, 2:05 pm by Adam Steinman
Today the Fourth Circuit issued a unanimous decision in Mayor & City Council of Baltimore v. [read post]
21 Mar 2012, 9:12 am by Cynthia L. Hackerott
But the provision, standing alone, is not a valid abrogation of the states’ immunity from suit, the plurality ruled. [read post]
17 Jan 2020, 12:22 pm
"And, with similar, but more alarming, sentiment, the dissent by Judge Staton, sitting by designation from the Central District of California:"In these proceedings, the government accepts as fact that the United States has reached a tipping point crying out for a concerted response—yet presses ahead toward calamity. [read post]
14 Dec 2015, 9:07 am by The Federalist Society
 Although federal law normally requires such claims to be heard by a three-judge federal court, a single judge dismissed the suit for failure to state a claim, and the U.S. [read post]
24 Nov 2015, 7:00 am by The Federalist Society
 Although federal law normally requires such claims to be heard by a three-judge federal court, a single judge dismissed the suit for failure to state a claim, and the U.S. [read post]
21 Oct 2016, 8:32 am by John Jascob
The shareholder therefore had to show the board’s refusal to take on the suit was wrongful, which the Eastern District of Michigan held he failed to do (Levine v. [read post]