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The Recorder

Alsup Demands Open Call for Counsel in LendingClub Suits

The San Francisco judge held off on assigning the lead role to Robbins Geller Rudman & Dowd, the firm whose client alleges the largest financial losses, saying he wanted a process that takes fees into consideration.
16 minute read

The Recorder

Bentham Grows in L.A. With Hire From District Attorney's Office

Litigation funder Bentham IMF has again hired a former Latham & Watkins attorney to its ranks in California.
14 minute read

The Recorder

National Credit Union Administration Board v. RBS Securities, Inc.

By | August 15, 2016
4 minute read

National Law Journal

SEC Hits Company that Used Severance Agreements to Bar Whistleblower Awards

Federal securities regulators reach a $265,000 settlement with an Atlanta-based building products distributor that unlawfully required outgoing employees to waive their right to a whistleblower bounty.
9 minute read

The Legal Intelligencer

Ex-Eagle Accused of Running $10M Ponzi Scheme

Former Philadelphia Eagles linebacker Merrill Robertson Jr. has more to tackle than running backs and wide receivers these days: the Securities and Exchange Commission has charged the ex-football player over running an investment scam that took in more than $10 million.
5 minute read

Corporate Counsel

SolarCity Beats Back Shareholder Suit

A federal judge Tuesday dismissed a shareholder fraud case against renewable energy company SolarCity Corp., which is on the cusp of a merger with Tesla Motors, after lawyers at Pomerantz failed for a third time to make claims stick.
8 minute read

Connecticut Law Tribune

Suit Alleges Yale Employees Cheated in Retirement Funds

Six Yale University employees filed a federal class-action suit against the university for choosing high-cost and poorly performing investment options for employees, reducing the employees' abilities to save more for retirement. Similar suits were filed against the Massachusetts Institute of Technology and New York University.
7 minute read

The Recorder

SolarCity Beats Back Shareholder Suit

U.S. District Judge Beth Labson Freeman said plaintiffs attorneys couldn't support allegations the company fudged its accounting to inflate sales figures.
7 minute read

New York Law Journal

SEC Adopts Amendments to Rules for Administrative Proceedings

In their Corporate and Securities Litigation column, Margaret A. Dale and Mark D. Harris discuss the SEC's final amended rules of practice before its administrative law judges, which critics maintain do not go far enough to level the playing field, nor to eliminate respondents' due process concerns.
20 minute read

New York Law Journal

Sciabacucchi v. Burns

By | August 05, 2016
Derivative Action Dismissed; Board's Refusal Of Litigation Demand Not Plausibly Alleged
3 minute read

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