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2 Jun 2017, 12:26 pm
  FOFI and BIF denied the demand and the Plaintiffs filed suit, seeking fair value of their stock pursuant to MGCL § 3-202. [read post]
5 Mar 2018, 6:54 am by John Jascob
A shareholder class action alleging that the defendants falsely stated that a financial company maintained its principal executive offices in the United States in order to satisfy the criteria for inclusion in the Russell 2000 Index, a small cap stock market index, so as to allow the firm to maintain its listing on the Nasdaq moves on (Desta v. [read post]
17 Mar 2025, 6:00 am by Geoffrey B. Fehling, Adriana A. Perez
The trend of Delaware court decisions favoring policyholders continues with a favorable ruling in AMC Entertainment Holdings, Inc. v. [read post]
3 Apr 2022, 9:04 am
Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/6383/securities-industry-commentator/The 90 Year Old Customer, The Trust Account, Merrill Lynch, the Asset Sale, and the Margin Trade (BrokeAndBroker.com Blog)Interactive Brokers Wins $26.7 Million Counterclaim Against Customers in Stock Manipulation CaseDong Fang, Xingxian Li, Qixu Wang, and Jingxue Zhang, Claimants, v. [read post]
8 Sep 2014, 6:59 am by Mark Temple
The Texas Supreme Court, in Exxon Mobil Corp. v. [read post]
24 Jan 2022, 2:27 am
Matthew Connolly and Gavin Campbell Black, Defendants-Appellants-Cross-Appellees (United States Court of Appeals for the Second Circuit, 19-CR-3806 / January 27, 2022)New York Stock Promoter Sentenced to Prison for “Pump and Dump” Securities Fraud Scheme (DOJ Release)... [read post]
10 Sep 2015, 8:29 am by John Jascob
The second challenge to the Ninth Circuit opinion takes issue with its application of Basic Inc. v. [read post]
13 May 2024, 4:54 am by Andrew Lavoott Bluestone
Salamone v Deily & Glastetter, LLP 2024 NY Slip Op 31569(U) May 3, 2024Supreme Court, New York County Docket Number: Index No. 160104/2022Judge: Shlomo S. [read post]
9 Jan 2018, 7:42 am by Greg Daugherty
When structured properly, ESOPs often can be a great fit for a company and its employees. (1) Acosta v. [read post]