Delaware Business Court Insider | News
By Ellen Bardash | March 26, 2021
The derivative suit filed in the District of Delaware this week claims the Los Angeles-based company's board approved acquisitions of companies in which J2's chairman of the board, co-founder and an executive all had significant financial interests, then failed to disclose specifics that would have shown investors the deals weren't serving the company's interests.
By Tom McParland | March 25, 2021
The high court is set to hear arguments March 29 in a securities class action appeal from Goldman Sachs that threatens to undo a key tool for plaintiffs in obtaining class certification.
By Charles Toutant | March 23, 2021
The suit, which concerns the award of $13 million in legal work by a bankruptcy plan administrator who was hired as a partner in the firm getting the work, could be a serious distraction for the defendant firms.
New York Law Journal | Analysis
By Martin Flumenbaum and Brad S. Karp | March 23, 2021
In their Second Circuit Review , Martin Flumenbaum and Brad Karp discuss 'Cavello Bay Reinsurance v. Shubin Stein,' an opinion which "continues the Second Circuit's trend of taking a narrow approach to the extraterritorial reach of the federal securities laws."
By Alaina Lancaster | March 19, 2021
The order could be a signpost for rulings in several similar shareholder derivative suits filed in the last year seeking court orders compelling companies such as Oracle, Qualcomm and Cisco to diversify their leadership and board structures.
Delaware Business Court Insider
By Alaina Lancaster | March 19, 2021
The order could be a signpost for rulings in several similar shareholder derivative suits filed in the last year seeking court orders compelling companies such as Oracle, Qualcomm and Cisco to diversify their leadership and board structures.
New York Law Journal | Analysis
By Kenneth M. Breen and Phara A. Guberman | March 19, 2021
The John McAfee case and the expected upcoming congressional task force on cryptocurrencies are likely to provide the market with more clarity on how coins and projects will be treated in investigations, including whether they can be treated as securities or commodities and the relative roles of the SEC and CFTC.
Delaware Business Court Insider | News
By Ellen Bardash | March 17, 2021
Vice Chancellor Paul Fioravanti found that with a dictionary definition of "day" as a 24-hour period and the fact that "trading day" and "business day" were both terms defined within the same document but not used, there was no way for the court to interpret the certificate to mean trading days rather than calendar days.
New York Law Journal | Analysis
By John C. Coffee Jr. | March 17, 2021
In this edition of his Corporate Securities column, John C. Coffee Jr. discusses issues stemming from the recent GameStop stock frenzy. He writes: Bubbles are bad; GameStop was a bubble; and the influences that caused it (which were indeed new and novel) need to be chilled. But how you chill a bubble is not a simple question.
New York Law Journal | Analysis
By Marc I. Gross and Jeremy A. Lieberman | March 16, 2021
New pathways have emerged for pursuing claims based on foreign exchange purchases, i.e., where the applicable U.S. and foreign law governing securities fraud are substantially similar.
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