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Delaware Business Court Insider

Here's Why a Delaware Judge Says TransPerfect's 14th Deal-Protesting Case Should Be Dismissed

Martin Russo, an attorney for TransPerfect, said he believes U.S. Magistrate Judge Jennifer L. Hall took months to come to an "erroneous reasoning" because TransPerfect had the better arguments on the merits.
5 minute read

The Legal Intelligencer

Report on Lead Cables Sparks Litigation Surge Against Verizon—and Other Companies Could Be Next

The lawsuits draw on reporting from the Wall Street Journal asserting that lead-sheathed cables that various telecom companies inherited from Bell System are leaching lead into the environment.
3 minute read

New York Law Journal

When is a Crypto Sale an Unregistered Securities Offering? Two SDNY Decisions Provide Conflicting Guidance

The cryptocurrency industry and its watchers are as keen as ever on gaining clear guidance on when, and how, the sale of a digital asset constitutes an unregistered securities offering. However, two recent SDNY cases considered this question and reached differing conclusions.
7 minute read

Law.com

Shaq Suit Shows NFTs Could Be Next Wave of Crypto Securities: The Morning Minute

The news and analysis you need to start your day.
4 minute read

National Law Journal

SEC Chair Gensler Defends Proposed Climate Disclosure Rule in Senate Testimony

"One, we're not a climate regulator. We're a securities regulator," SEC Chair Gary Gensler said.
4 minute read

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

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