Foremost has received hundreds of millions of dollars in loan commitments from a bank run by the Chinese government to help build ships that Foremost has purchased from government-owned shipyards there. [read post]

Finally, we address several other notable developments in the federal courts, including: the Ninth Circuit upholding the dismissal of a securities class action after reaffirming its standard for non-actionable “puffery”; the First Circuit’s further guidance as to when statements regarding a product may be materially misleading under the PSLRA; and the Ninth Circuit becoming the second circuit court in less than a year to hold that social media posts can count as… [read post]