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5 Nov 2017, 5:37 am
This is also how insurance companies get doctors to review medical records and examine plaintiffs when they are defending a personal injury lawsuit. [read post]
25 Jan 2017, 4:19 pm
The plaintiff’s securities class action complaint names as defendants the company, its CEO, Marissa Meyer, and its CFO, Kenneth Goldman. [read post]
13 Jun 2015, 10:51 am
Sanders’ estate sued the defendant, a national company owning approximately one hundred properties, including the subject apartment complex, for failing to provide adequate security, including an inoperable security gate, and protect and warn residents of dangerous conditions and criminal acts. [read post]
21 Oct 2014, 5:42 pm
One of the most significant challenges facing plaintiffs in pleading a violation of Section 10(b) of the Securities Exchange Act of 1934 is sufficiently alleging that the defendant company possessed scienter, or an “intent to deceive. [read post]
18 Oct 2012, 1:02 pm
The plaintiffs, which include state pension funds, allege that company officers knowingly and willfully violated federal laws by overstating Fannie Mae's profits over a several-year period for the purpose of meeting company goals and garnering incentive pay. [read post]
15 Aug 2008, 2:03 pm
As previously reported here, on January 16, 2008, a jury in the Apollo Group securities class action found that Apollo Group misled investors and held the company liable for $277 million in compensatory damages. [read post]
18 Jun 2015, 10:00 am
Bernal, who is scheduled to sentence both defendants on August 31. [read post]
27 Feb 2022, 6:28 am
” 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]
15 Oct 2006, 9:29 am
As a resource for the class action defense lawyer who defends against securities class actions, we provide the text of the Securities Act of 1933. [read post]
21 Nov 2018, 11:41 am
Based on a July 23, 2018 Wall Street Journal article that referred to the individual defendant as a “felon,” the defendant companies have been shut down and investors in the companies are expected to bring lawsuits against the individual defendant. [read post]
10 Aug 2018, 7:43 am
Boyd opened a self-directed IRA with defendant-respondent Kingdom Trust Company; Flanders with defendant-respondent PENSCO Trust Company (collectively, “the trust companies”). [read post]
10 Aug 2012, 1:28 am
During the class period the individual defendants collectively sold over $40 million of their personal holdings in company securities. [read post]
16 Jul 2023, 10:03 am
” 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]
5 Nov 2009, 1:55 am
There is no way of telling from the face of the complaint how the plaintiffs intend to try to overcome the rather obvious statute of limitations objection that the defendants will raise, expecially given that the complaint expressly alleges that the company's true condition was revealed in an October 31, 2006 disclosure. [read post]
7 May 2021, 12:45 pm
Only commercial competitors of the defendant, not typical consumers of the defendant’s product, can “allege an injury to a commercial interest in reputation or sales,” necessary to secure standing to sue. [read post]
25 Jun 2014, 9:58 am
Levinson, but ruled that securities class action defendants may rebut the fraud-on-the-market presumption of investor reliance before the class certification stage by demonstrating lack of price impact. [read post]
8 Apr 2009, 5:01 am
Securities Fraud Class Action Survives Motion to Dismiss because Class Action Complaint Adequately Alleged that Defendants Failed to Timely Discover and/or Disclose Material Adverse Information New York Federal Court Holds Plaintiffs filed a class action against Arotech Corporation, a defense contractor, and three of its officers alleging violations of federal securities laws; the class action complaint violations Section 10(b) of the Securities Exchange Act… [read post]
24 Apr 2012, 3:45 am
Plaintiffs attorneys have demonstrated a clear tendency to target the largest public companies, and because insurance firms will not provide settlement coverage over a few hundred million dollars, public companies face substantial risk. [read post]
18 Apr 2011, 9:57 am
Supreme Court ruled here that drug companies don’t have to wait to receive "statistically significant" complai [read post]
16 May 2016, 6:15 am
On May 11, 2016, President Obama signed into law the Defend Trade Secrets Act of 2016 (DTSA). [read post]
