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Texas Lawyer

Judge Extinguishes SEC Case Against Texas AG

U.S. District Judge Amos Mazzant wrote that Ken Paxton had no "plausible legal duty" to disclose his commission arrangements to investors who bought shares in a tech startup.
6 minute read

The Legal Intelligencer

2017 Sees Uptick in Biotech/Pharma Securities Class Actions

As Cornerstone Research ­reported earlier this year in "Securities Class Action Filings: 2016 Year in Review," attorneys ­representing shareholder plaintiffs filed 270 securities class actions in 2016, which is a 44 percent increase from both the 188 actions filed in 2015 and the historical yearly average of 188 filings during the 1997 to 2015 time period.
13 minute read

Litigation Daily

A Big Law Prognosis for FCPA, IP and White-Collar Enforcement Under Trump

Don't expect a lot of record-setting penalties or “first-ever” prosecutions coming out of the Trump administration—but litigators who specialize in False Claims Act and IP cases should stay busy.
12 minute read

New York Law Journal

In Re Idreamsky Technology Ltd. Securities Litigation

By | February 28, 2017
Bulk of Claims Against Game Firm Survive; Allegations Support Strong Scienter Inference
3 minute read

The Legal Intelligencer

Gewirtz v. Opko Health, Inc., PICS Case No. 17-0262 (E.D. Pa. Feb. 2, 2017) Rufe, J. (10 pages).

By | February 24, 2017
Plaintiffs breach of fiduciary duty claim for failure to honor stock options they inherited failed because they did not explain any breach of duty to current stockholders but their claims to enforce their alleged contractual rights to exercise the stock options survived defendants' motion to dismiss because SEC form S-8 could not be considered for the truth of its content on a motion to dismiss. Motion to dismiss granted in part and denied in part and leave to file an amended complaint granted.
6 minute read

New York Law Journal

After a Decade of Self-Exile in Africa, Former CEO to Serve Prison Term

Ten years on the run in Namibia to avoid charges for his role in a stock options backdating scheme will cost Jacob "Kobi" Alexander 30 months in prison.
7 minute read

The Recorder

FTC Report Highlights Privacy Concerns for Cross-Device Tracking

On Jan. 23, the Federal Trade Commission (FTC) released a staff report (the report) on cross-device tracking, a commonly used practice that allows companies to associate multiple internet-based devices with the same consumer in order to track behavior across devices.
11 minute read

New York Law Journal

Soueidan v. Breeze-Eastern Corp.

By | February 22, 2017
Firm's Opinion Statements Did Not Render SEC Schedule 14D-9 Statements Misleading
3 minute read

New York Law Journal

Nguyen v. Maxpoint Interactive, Inc.

By | February 22, 2017
Information Omitted From IPO Registration Statement Cannot Form Basis for §11 Liability
3 minute read

New York Law Journal

Attorney for Benjamin Wey Argues for Dismissal, Citing Search

The lawyer for accused stock scammer Benjamin Wey argued a hot issue Friday, saying the case should be dismissed because agents held onto seized computer files for over three years—and then launched a second search without a warrant.
6 minute read

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