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Delaware Law Weekly

Empl. Ret. Sys. of St. Louis v. TC Pipelines GP, DeFAX Case No. D67248 (May 11, 2016) Glasscock, J. (17 pages).

Minority unitholder challenged a conflicted transaction in purchase of an asset as unfair to the partnership. Defendants' motion to dismiss granted with prejudice.
6 minute read

Daily Report Online

11th Circuit Dismisses Administrative Law Judge Challenge to SEC

The Eleventh Circuit is the latest to tell individuals facing the SEC's in-house proceedings that they must wait to raise constitutional claims.
7 minute read

New Jersey Law Journal

Judge Tosses Securities Case Against 'Blockbuster Drug' Maker

A New Jersey Judge on Monday tossed a securities fraud class action against drugmaker Aerie Pharmaceuticals and its officers for failing to show that they knowingly misled investors by touting a forthcoming glaucoma medication as a "blockbuster drug."
9 minute read

Texas Lawyer

Baker Botts Reporting Triggers SEC's Probe into Investment Adviser with NFL & MLB Clients

Shortly after the Super Bowl last February, two partners in Houston's Baker Botts and principals with their client, a Dallas-based investment advisory firm, reported to the Securities and Exchange Commission concerns about likely problems with investments in a ticket-selling business that an adviser had initiated for a number of clients, including major league sports stars. This week, prompted by that reporting, the SEC announced it had filed a complaint against Ash Narayan, an adviser who previously worked from a Newport Coast, California, office of RGT Capital Management, the Dallas-based firm and others.
7 minute read

Litigation Daily

Monday Mash-Up: Robbins Geller's $1.6B Settlement; Why Arnold & Porter is Cooler Than You; Whither SG Verrilli?

Robbins Geller settles a long-running suit against HSBC for $1.575 billion; Arnold & Porter's piece of history; Where might Solicitor General Donald Verrillii land when he steps down Friday? Plus a Winston & Strawn partner wins acquittal for a dentist charged with murder.
47 minute read

New Jersey Law Journal

The Start-up Life Cycle: After a Successful Raise

A look at the early business and legal considerations for a start-up biotech company after its first successful capital raise.
15 minute read

New York Law Journal

Coventry Enterprises LLC v. Sanomedics International Holdings, Inc.

Note's Buyer Entitled to Judgment Over Breach, But Its Damages Depend on Disputed Facts
3 minute read

The American Lawyer

FINRA Taps Cleary Gottlieb Partner Robert Cook as CEO

Cook's soon-to-be-former firm also welcomed a government lawyer through the revolving door on Monday, saying it had hired antitrust lawyer David Gelfand from the U.S. Justice Department.
21 minute read

Corporate Counsel

Ex-Rite Aid Counsel Shakes Off Fraud Suit

A federal judge in Philadelphia ruled that Franklin Brown, who spent time in federal prison, was released from liability under a 2001 settlement agreement.
7 minute read

National Law Journal

The Wrap: Ken Paxton Calls SEC Charges 'Dramatic Overreach'

Texas Attorney General Ken Paxton's lawyers fire back the Securities and Exchange Commission's case against him. Federal regulators question automaker Tesla's alleged nondisclosure demands. And a divided Ninth Circuit says there's no Second Amendment right to carry a firearm in public. This is a roundup from ALM and other publications.
9 minute read

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