Delaware Business Court Insider | News
By Ellen Bardash | June 1, 2021
Plaintiffs alleging an insider transaction weren't eligible to file a derivative suit involving the company's 2019 IPO because they were challenging terms of a deal agreed to before they purchased stock, despite owning shares before it took place.
By Mike Scarcella | June 1, 2021
Welcome to Compliance Hot Spots, our weekly snapshot on white-collar, regulatory and compliance news and trends.
Delaware Business Court Insider | News
By Ellen Bardash | May 28, 2021
Misrepresentations made in SEC filings and communications with investors, the newest complaint alleges, led to Tricida shares dropping from more than $26 to $4.37 between July and October of 2020, amounting to millions in market capitalization losses.
By Ellen Bardash | May 28, 2021
Misrepresentations made in SEC filings and communications with investors, the newest complaint alleges, led to San Francisco-based Tricida shares dropping from more than $26 to $4.37 between July and October of 2020, amounting to millions in market capitalization losses.
The Legal Intelligencer | Commentary
By Robert L. Hickok, Jay A. Dubow and Sam Hatcher | May 28, 2021
In cases of multiple corrective disclosures, plaintiffs cannot always choose the most advantageous bounce-back period for calculating statutory damages caps.
Daily Report Online | Commentary
By Andrew Mason | May 26, 2021
This language opens up a whole new frontier for insider trading enforcement.
New York Law Journal | Analysis
By John M. Lundin | May 25, 2021
This article addresses the challenging issue of LIBOR transition—that is, moving from LIBOR to another benchmark rate—for asset-backed securities such as residential mortgage-backed securities (RMBS).
By Ross Todd | May 25, 2021
According to a new report from ISS Securities Class Action Services, nine COVID-related cases have been filed so far in 2021, including cases targeting large cap companies that allege much more than "you shoulda known what COVID would mean to your business."
By William G. Passannante | May 21, 2021
Because SPACs present novel issues, we expect both plaintiff's lawyers and insurance companies to take some creative positions not always helpful to D&O policyholders.
Daily Report Online | Commentary
By Kamal Ghali and Matthew Sellers | May 20, 2021
While the SEC has indicated that the decentralized nature of the networks on which bitcoin and ethereum operate make those currencies "assets" and not "securities," it has offered little concrete assurance when it comes to other cryptocurrencies.
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