By Marcia Coyle | June 11, 2018
“We hold that American Pipe does not permit a plaintiff who waits out the statute of limitations to piggyback on an earlier, timely filed class action,” Ginsburg wrote for the court Monday in "China Agritech v. Resh." The U.S. Chamber of Commerce, the Washington Legal Foundation and others supported China Agritech in amicus briefs.
By Amanda Bronstad | June 7, 2018
The executive director over an Arkansas pension fund has retained outside counsel but insisted he could continue to serve as lead plaintiff in settlements…
By Charles Toutant | June 7, 2018
Although the developers depicted the Latium initial coin offering as a sale of "utility-based tokens," it was subject to the Securities Act of 1933 because investors were promised that the tokens would be worth more than the price they paid, according to the suit.
By Ross Todd | June 7, 2018
The suit, brought under the California Corporations Code on behalf of a proposed class of California purchasers, seems designed to avoid the fate of a previously filed suit against Ripple which was removed to federal court this week.
Delaware Business Court Insider | Commentary
By Barry M. Klayman and Mark E. Felger | June 6, 2018
In TCV VI v. TradingScreen, Vice Chancellor J. Travis Laster addressed the scope of the materials that a lawyer must produce to a former client upon request.
Delaware Business Court Insider | Commentary
By K. Tyler O'Connell | June 6, 2018
Appraisal rights have been the subject of increased focus in the current, post-Corwin environment, in which a fully-informed noncoerced stockholder vote suffices to dispose of most M&A challenges.
By Ross Todd | June 4, 2018
Former SEC chair Mary Jo White and her enforcement chief Andrew Ceresney, both now at Debevoise, are representing the fintech company alongside co-counsel at Skadden, Arps, Slate, Meagher & Flom in a private investor suit claiming Ripple's XRP tokens are unregistered securities.
The Legal Intelligencer | Commentary
By Robert L. Hickok and Gay Parks Rainville | June 4, 2018
Nearly 45 years ago, the U.S. Supreme Court handed down its landmark decision in American Pipe & Construction v. Utah, 414 U.S. 538, 553 (1974), holding that the filing of a class action “tolls the running of the statute of limitations for all purported members of the class who make timely motions to intervene after the court has found the suit inappropriate for class action status.”
Daily Business Review | Commentary
By Todd Friedman and Justin Wales | June 4, 2018
Permissionless blockchains, like the one underlying the bitcoin payment network, were created to provide the public with transparency over transaction information and records.
By Ben Hancock | June 1, 2018
Whether indirect investors in Theranos actually saw and relied on its PR messaging is an individualized inquiry, the judge ruled.
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