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New York Law Journal

More Class Actions Over Blue Apron's Post-IPO Troubles

Food delivery service Blue Apron, which has faced significant challenges since the issuance of its initial public offering, is now confronted with another class action suit by an investor over alleged securities violations.
2 minute read

New York Law Journal

USA v. American International Group, Inc.

FCA Qui Tam Suit Alleging Firm's 'Infiltration' By Mafia Dismissed as Frivolous, Baseless
2 minute read

New York Law Journal

Attorneys Say 'Martoma' Does Little to Settle Insider Trading Concerns

The Second Circuit's split decision in an insider trading case 'United States v. Martoma' was a clear win for attorneys at the DOJ and SEC. But it may not put to rest uncertainty over the nature of relationships that may create liability under securities law.
23 minute read

New York Law Journal

La Quinta Beats Back Class Action Claims

La Quinta successfully defeated a putative class action that claimed the hotel chain misled investors by failing to renovate in a timely fashion and to disclose the affect falling gas prices had on its bottom line, among other accusations.
3 minute read

Litigation Daily

Shout Out: Simpson Thacher Strikes Again With Securities Fraud Win for Hotel Chain

Hotel chain La Quinta can rest easy after a team from Simpson Thacher and Bartlett got a would-be securities fraud class action in the Southern District of New York dismissed with prejudice on Thursday.
10 minute read

New York Law Journal

Woburn Retirement System v. Salix Pharmaceuticals, Ltd.

$210 Million Settlement Approved as 'Fair'; Lead Counsel Awarded $44.6 Million in Fees
2 minute read

New York Law Journal

Citing 'Salman,' Second Circuit Finds Its Own Insider Trading Ruling Not 'Good Law'

The U.S. Court of Appeals for the Second Circuit found Wednesday that its own prior interpretation of insider trading precedent was "no longer good law" after the U.S. Supreme Court's ruling last year in 'U.S. v. Salman'.
6 minute read

New York Law Journal

SEC Settles Insider Trading Case With Deerfield for $4.16M

The firm at the heart of federal allegations of insider trading on government information on changing Medicare rates has agreed to a $4.6 million settlement with the U.S. Securities and Exchange Commission.
2 minute read

New York Law Journal

Banks Win Partial Dismissal in SIBOR Manipulation Suit

Another set of allegations that an international benchmark interbank borrowing rate, based in Singapore, was manipulated by the biggest international firms stumbled on Aug. 18.
2 minute read

The Recorder

In re Atossa Genetics Inc. Securities Litigation

9th Cir.; 14-35933 The court of appeals affirmed in part, reversed in part, and vacated in part a judgment and remanded. The court held that securities…
6 minute read

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