By Alyssa Aquino | November 27, 2024
The deal between General Electric and investors represented by Kessler Topaz Meltzer & Check had been reached in the lead-up to a trial that would have seen the company and investors squaring off on when executives became aware of what shareholders called “an undisclosed ticking time bomb."
By Alyssa Aquino | November 26, 2024
Richard Collura alleges that Warner Bros. only came clean about the riskiness of its contract renegotiation efforts in August, after it logged a $9.1 billion noncash goodwill impairment charge from, among others, “uncertainty related to affiliate and sports rights renewals, including the NBA.”
By Jay Dubow and Joanna Cline and Milica “Millie” Krnjaja | November 26, 2024
The earliest AI-related securities class action lawsuit was filed on March 24, 2020. Since then, there has been a total of 38 AI-related filings. Five lawsuits were filed in 2020, eight in 2021, six in 2022, six in 2023, and 13 so far in 2024.
By Dan Novak | November 25, 2024
The $8.2 billion figure includes $6.1 billion in disgorgement and prejudgment interest, also the highest amount on record, and $2.1 billion in civil penalties, the second-highest amount on record, the SEC added.
By Ellen Bardash | November 25, 2024
The decision does not include a finding that Elon Musk violated a court order to sit for testimony, but that does not mean the court has cleared him of allegations that he violated it by failing to appear in September.
By Daniel Novak | November 22, 2024
The U.S. Securities and Exchange Commission accused the shipping company of failing to follow generally accepted accounting principles and “materially misrepresenting its earnings” while valuing its freight business in preparation for a sale.
By Jimmy Hoover | November 22, 2024
The unexplained dismissal followed a hearing during which the justices struggled to determine when a company must disclose that a future risk to its business has occurred in the past.
By Michael A. Mora | November 21, 2024
Gensler made a regulatory choice on the crypto industry that was characteristic of a heated classic debate in administrative law: the degree that you want to consult with the industry in your enforcement, said Dorothy Lund, a leading expert on securities regulation.
By Daniel Novak | November 14, 2024
Securities and Exchange Commission Chair Gary Gensler touches on controversial cryptocurrency and climate disclosure regulations in likely valedictory speech.
By Ellen Bardash | November 13, 2024
The newest case is the fifth to bring similar allegations against Moderna in the same court, with three others, all filed Nov. 5, surfaced by Law.com Radar.
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