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Litigation Daily

Simpson Thacher on a Roll With Win for Weight Watchers

There is “nothing fraudulent about a disappointing year,” wrote U.S. District Judge Lewis Kaplan in tossing a class action against Weight Watchers. It was one of three big wins for Simpson Thacher & Bartlett this week.
19 minute read

National Law Journal

SEC Awards Whistleblower $3.5 Million for Help in Ongoing Investigation

Before being awarded more than $3.5 million on Friday, the latest tipster to benefit from the Securities and Exchange Commission's whistleblower program was rebuffed. But SEC enforcement staff later provided additional information underscoring the whistleblower's significance to the investigation, according to the final order.
6 minute read

National Law Journal

SEC In-House Judges are Unconstitutional, Barred Investment Adviser Tells D.C. Circuit

The U.S. Securities and Exchange Commission's in-house law judges are unconstitutionally hired for their jobs, a lawyer for an investment adviser, barred for life by the agency, told a federal appeals court in Washington on Friday.
9 minute read

Delaware Business Court Insider

Wal-Mart Shareholders' Suit Over Bribery Is Blocked in Del.

A derivative action by Wal-Mart shareholders stemming from the alleged bribery of Mexican officials has been dismissed by the Delaware Court of Chancery because a demand upon directors before filing the lawsuit would not have been futile, Chancellor Andre G. Bouchard wrote in an opinion Friday.
2 minute read

Litigation Daily

Shout-Out: Irell Locks Up Win for Public Storage

A team from Irell & Manella scored a win for Public Storage in a rare merger litigation case to go to trial in California.
6 minute read

Law.com

DOJ Crim Chief Wants to Make a Deal

Leslie Caldwell explains the Justice Department's new rewards for FCPA cooperators. Plus, her concerns that Silicon Valley is overheated.
20 minute read

Litigation Daily

Litigator of the Week: Tariq Mundiya of Willkie Farr & Gallagher

A pair of board-friendly wins for Mundiya in New York and Delaware makes it tougher for shareholders challenging going-private transactions.
19 minute read

The Recorder

Judge Names Lead Counsel in Fitbit Investor Suit

Glancy Prongay & Murray and Pomerantz will be co-lead counsel in a San Francisco securities fraud action against the fitness device maker.
3 minute read

Delaware Business Court Insider

How to Win After You Lost: Examining 'Trados'

Perhaps the longest-running litigation in recent Delaware Court of Chancery history has been settled, after the plaintiff class lost at trial.
9 minute read

Delaware Business Court Insider

Supreme Court Rejects Fear of 'Super-Director'

We previously wrote about the decision by former Vice Chancellor Donald F. Parsons concerning several of its substantive holdings relating to breach of fiduciary duty claims.
10 minute read

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