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21 Mar 2021, 7:53 am
Unlike many of the prior securities class action lawsuits that have been filed against operating companies after their merger with a SPAC (that is, after the deSPAC transaction), this lawsuit names as defendants only executives of the post-merger operating company; it does not name any of the former officers of the SPAC as defendants. [read post]
2 May 2018, 7:09 pm
After voicing concerns to upper management about alleged sexual harassment towards female employees at a tech company, a San Jose security contractor was fired. [read post]
28 Aug 2022, 7:01 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]
11 Apr 2023, 4:00 am
In the United States, it is illegal for any company or person to commit fraud in the sale or transfer of a security. [read post]
14 Mar 2021, 1:12 pm
In the latest example of a company that recently merged into a publicly traded SPAC getting hit with a post de-SPAC transaction securities suit, electric vehicle technology company XL Fleet Corp. has sustained a securities class action lawsuit that names as defendants both directors and officers of the post-merger operating company and a former officer of the SPAC. [read post]
23 Apr 2023, 5:53 am
The defendants in the Lucid case, like the defendants in the CarLotz case, moved to dismiss on the grounds that the plaintiffs were not purchasers of the securities of the pre-merger target company, but rather were purchasers of the securities of the SPAC or of the post-merger deSPAC., and therefore lacked standing to pursue the claims. [read post]
3 Apr 2024, 1:28 pm
The plaintiffs allege that the defendants violated Sections 11 and 15 of the Securities Act of 1933 and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. [read post]
13 Nov 2012, 12:33 am
Securities class action plaintiffs often allege that the defendants’ statements about their company’s internal controls are misleading. [read post]
12 Sep 2011, 3:00 am
Securities Litigation (C.D. [read post]
5 Jun 2012, 4:43 pm
If you have been the victim of an Atlanta parking lot not providing security, you will be interested to read about several important Georgia rulings about companies that are not providing security. [read post]
19 Feb 2017, 12:14 pm
These cases show the deference courts give to defendant companies in the design of their trials. [read post]
1 Aug 2016, 7:31 pm
Security experts have long explained how to defend better. [read post]
7 Jan 2010, 9:52 am
She was being held on a bond while having very little local support able and willing to secure her bond with a bail bonds company. [read post]
15 Nov 2022, 2:28 pm
” The complaint alleges that the defendants violated Sections 11 and 15 of the Securities Act of 1933. [read post]
29 Mar 2020, 4:13 pm
The appeal On appeal, the defendant companies led by William B. [read post]
7 Aug 2022, 11:22 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]
27 Sep 2007, 12:28 pm
The defendant was a private company that screens security employees for the transport security administration. [read post]
28 May 2024, 2:08 pm
Read NY Attorney General Secures Historically Large Settlement with Cryptocurrency Companies and Asks Whistleblowers to Come Forward at constantinecannon.com [read post]
18 Aug 2022, 1:40 pm
One of the more distinctive litigation phenomena over the last several years has been the series of securities lawsuits filed against companies related to the opioid crisis. [read post]
18 Mar 2015, 4:30 am
Life sciences companies with market capitalizations of at least $2 billion were named as defendants in about 21% of the 2014 lawsuits against companies in those industries. [read post]
