By Chris Gismondi and Wendy Michael | May 15, 2020
As more cannabis-related entities choose to finance themselves by going public, more will become the target of shareholder actions.
By Chris Gismondi and Wendy Michael | May 15, 2020
As more cannabis-related entities choose to finance themselves by going public, more will become the target of shareholder actions.
By Tom McParland | May 14, 2020
Goldman and its Sullivan & Cromwell attorneys said a ruling from a divided panel of the Manhattan-based appeals court, was at odds with Supreme Court precedent holding that defendants must be given a chance to rebut the presumption of class-wide reliance on supposed public misrepresentations before a class is certified.
By C. Ryan Barber | May 12, 2020
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New York Law Journal | Analysis
By Todd Harrison, Joseph Evans and Paul Helms | May 12, 2020
Many private plaintiffs' cryptocurrency securities class action lawsuits will likely be stopped short because of time limitations.
By Tom McParland | May 11, 2020
A Manhattan federal judge has dismissed an investor class action that targeted General Electric Co. for allegedly concealing a major defect with its newest line of power plant turbines and taking a "mammoth" $22 billion write-off, which sparked civil and criminal investigations of the multinational conglomerate.
By Tom McParland | April 30, 2020
A new securities class action, filed Wednesday in Manhattan federal court, accused New York City-based healthcare logistics firm SCWorx Corp. of misleading investors about a supposed deal to buy and resell millions of COVID-19 rapid testing kits.
By Ross Todd | April 30, 2020
"This is new terrain in this litigation, so that is also something to take into account," said U.S. District Judge Richard Seeborg of the Northern District of California in granting preliminary approval to the proposed deal to settle claims brought on behalf of investors who alleged that the initial coin offering on the Tezos blockchain violated U.S. securities laws.
By Catherine Wilson | April 30, 2020
Company's lawyer responds that the SEC staff is peddling a "false narrative."
By Catherine Wilson | April 30, 2020
A company with an office in a West Palm Beach coworking suite is accused of promoting a huge N95 mask supply line when it had none.
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