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3 May 2023, 4:28 am by Andrew Lavoott Bluestone
Defendants now moves pursuant to CPLR 3211 (a)(l) and (7) to dismiss the amended complaint. [read post]
2 May 2023, 9:01 pm by renholding
In the wake of Bernie Madoff, Congress gave the SEC updated authorities that investment advisers should safeguard client assets over which they have custody.[18] Thus, we proposed a safeguarding rule, updating our prior custody rule.[19] In particular, Congress gave us authority to expand the advisers’ custody rule to apply to all assets, not just funds or securities. [read post]
26 Apr 2023, 5:36 am by Andrew Lavoott Bluestone
Defendants filed the motion todismiss all the claims pursuant to CPLR § 3211 (a)(l), (a)(7) and the doctrine of “duplicative claims”. [read post]
25 Apr 2023, 10:20 am by Zach Brown
Unfortunately, the tactic has seemingly worked thus far: over 250 Starbucks stores have voted to unionize, yet Starbucks has yet to reach an agreement with any individual union. [read post]
25 Apr 2023, 9:57 am by Seyfarth Shaw LLP
Judge Ellis thus found that the “correct approach” must be one that is authorized by the FLSA’s text and sends notice only to those individuals who are “similarly situated. [read post]
25 Apr 2023, 5:16 am by Louise Marie Hurel
Editor’s note: This article was originally published in Spanish in Foreign Affairs Latinoamérica. [read post]
20 Apr 2023, 9:05 pm by renholding
As companies are a key source of inside information, the risk to market integrity in this area is particularly acute.[17] Thus, by requiring transparent disclosures of the buyback program, the MAR safe harbor provides a compromise between the interests of the issuer and of other investors and provides investors with important information about the likely direction of the share price, which facilitates price discovery.[18] Importantly, to mitigate the risks of abuse, the MAR safe harbor… [read post]
18 Apr 2023, 5:35 am by Rebecca Tushnet
VPX is undergoing a chapter 11 reorganization, where “[l]iquidation is not the objective” and “the aim is by financial restructuring to put back into operation a going concern. [read post]