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New York Law Journal

The SEC Sows Confusion With NFT Enforcement Action

This article highlights the recent SEC decision regarding NFT enforcement and discusses how, by treating NFTs as securities, it appears to be taking a legal position that could sweep a variety of products that never have been viewed as securities.
7 minute read

Daily Business Review

LifeWallet Intends to Fight Nasdaq Delisting With Reverse Stock Split as Shares Trade Below 10 Cents

The company, founded by plaintiffs lawyer John Ruiz, received notice this week of an impending delisting determination due to its low stock price, according to a Friday afternoon SEC filing.
3 minute read

Daily Business Review

Securities Class Action Against BurgerFi Dismissed by Federal Judge in Florida

BurgerFi International, the owner behind the "better burger" brand under the same name and the pizza and wings concept under Anthony's Coal Fired Wings & Pizza, was sued in April for federal securities violations allegedly on the part of current and former executives.
2 minute read

Connecticut Law Tribune

iRobot Board Accused of Underselling Company to Amazon for Personal Gain

"While they initially agreed to sell the company for $61 per share, less than a year later they hastily acceded to Amazon's demand to reduce the price to $51.75 per share, which represents a mere 2% premium to iRobot's hugely depressed trading price in August 2022, before Amazon's proposal," the complaint said.
4 minute read

Delaware Business Court Insider

Nikola Oversight 'in Shambles' With Convicted Founder's Fraud, Newest Derivative Suit Claims

The complaint brings breach of fiduciary duty, unjust enrichment and contribution and indemnification claims against current and former Nikola management.
3 minute read

Texas Lawyer

Conspiracy to Breach Fiduciary Duty: Recent Caselaw Boldy Explores the Outer Reaches of the 'Punctilio'

Texas courts have long struggled to define precisely what fiduciary duty entails.
5 minute read

National Law Journal

Managed Funds Association, Other Groups Sue SEC Over Private Fund Adviser Rule

"This could be part of a trend that we're going to see moving forward with multiple SEC rulemakings," attorney David Adams said. "A lot is riding on this particular case, across the board."
5 minute read

New Jersey Law Journal

Shareholder Suit Filed Against Drug Company Over 'Artificially Inflated' Revenue

This complaint was first surfaced by Law.com Radar.
4 minute read

The Recorder

Challenges to Corporate Decision-Making in the Face of Increasingly Polarized Responses to ESG Initiatives

A wave of "conservative" political lawsuits and advocacy campaigns seeking to advance "anti-ESG" or "anti-woke" themes have resulted in certain companies de-emphasizing disclosure of their ESG initiatives, according to Simpson Thacher & Bartlett's Stephen Blake and Sareen Armani.
9 minute read

National Law Journal

SEC's Enforcement Action Adds Complexity, Uncertainty to Crypto Industry, Attorneys Say

"Lawyers are giving clients the best advice at the moment without the benefit of a crystal ball," said regulatory attorney Lara Gatz.
4 minute read

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