By Scott Flaherty | December 12, 2018
Sidley Austin says a group of investment advisers should also be punished if the firm ultimately loses an investor class action that has accused it of helping Aequitas Securities perpetrate fraud.
New York Law Journal | Analysis
By Joseph M. McLaughlin and Shannon K. McGovern | December 12, 2018
In their Corporate Litigation column, Joseph M. McLaughlin and Shannon K. McGovern write: “Mootness fees” to plaintiffs' counsel after a voluntary dismissal have become a standard feature of deal litigation resolved before a stockholder motion to enjoin a transaction based on alleged proxy disclosure deficiencies is decided. The authors explain the important differences between disclosure-only settlements and mootness fees when resolving such litigation and discuss a recent relevant decision currently on appeal to the Seventh Circuit.
By Jenna Greene | December 12, 2018
Some of the biggest names in the securities bar beseeched the appellate court in amicus briefs to intervene.
Delaware Business Court Insider | Commentary
By Andrew W. Stern, James Heyworth and Benjamin F. Burry | December 12, 2018
The Chancery Court will continue to face novel theories of controlling stockholder liability based on contract rights, and Delaware's ability to impose clear limits on when an investor's contract rights render it a fiduciary to the company will have significant consequences for corporate finance and strategic investments under Delaware law going forward.
Delaware Business Court Insider | Commentary
By Lewis H. Lazarus | December 12, 2018
Once a transaction closes, if a stockholder cannot allege that a majority stockholder vote approving a transaction was uninformed or coerced, then the court will dismiss a complaint attacking the fairness of the transaction under the business judgment standard of review.
By Ian Lopez | December 12, 2018
The SEC has been trying to move quickly on the crypto-as-securities front while also trying to not be seen as squashing innovation.
By C. Ryan Barber | December 11, 2018
SEC Chairman Jay Clayton defends "no admit, no deny" settlements, state AGs are on the prowl, and scroll down for Who Got the Work. Thanks for reading!
By Raychel Lean | December 10, 2018
Once-revered securities attorney James M. Schneider from Boca Raton could face decades in prison for his involvement in a million-dollar "pump-and-dump" scheme, after a federal jury convicted him of 33 counts of conspiracy, securities and wire fraud on Friday.
By Paul H. Schoeman and Maxim M.L. Nowak | December 7, 2018
The message that the SEC is sending through the Musk settlement comes through loud and clear. Statements made via Twitter, or any other social media platform, will be subject to the same scrutiny as other more traditional forms of communication.
By Mike Scarcella | December 7, 2018
“After 30 years as a trial lawyer at Williams & Connolly, I would have never imagined joining a company in-house," Dane Butswinkas said in a statement from Tesla. He will succeed Todd Maron, general counsel since 2013.
Presented by BigVoodoo
Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!
Law.com celebrates the California law firms and legal departments driving the state's dynamic legal landscape.
The Texas Lawyer honors attorneys and judges who have made a remarkable difference in the legal profession in Texas.
CORE RESPONSIBILITIES AND TASKS: Reporting to the Senior Vice President, Chief Legal Officer &...
Yale New Haven Health seeks a dynamic and collaborative executive to serve as its Vice President, Labor Strategy and Senior Associate Genera...
Nestled in the heart of Northern California Wine Country, Sonoma County is the largest county in the North Bay region of the San Francisco B...