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New Jersey Law Journal

Energy Company Facing Securities Class Action Over Statements on Securing Federal Loan

This suit was surfaced by Law.com Radar. Read the document here.
1 minute read

New York Law Journal

The UCC Emerging Technologies Amendments: Part III (The Issue of Money)

The proposed changes to the UCC effected by the 2022 amendments are numerous, affecting every article in the statute. Among those changes are amendments to the definition of "money" and how a security interest in that type of asset can be perfected. In her Secured Transactions column, Barbara Goodstein discusses the treatment of money under the 2022 UCC amendments and how it's affecting the progress of adoption of the amendments throughout the states, and the "loosely titled hip-pocket amendment" that will try to resolve the issue impeding adoption.
8 minute read

National Law Journal

SEC's Cases Against Dealers Could Lead to the Supreme Court, Securities Lawyers Say

"I wouldn't be surprised if there were some challenges that argued that the SEC had stretched the meaning of the term dealer too far in this particular case," said attorney Mark Perlow.
6 minute read

The Legal Intelligencer

Wilson Sonsini to Rep Viatris Against Pending Securities Class Action

This suit was surfaced by Law.com Radar. Read the complaint here.
1 minute read

The Legal Intelligencer

The SEC Increases Disclosure Requirements for Issuer Share Repurchases

This article focuses on the rule changes as they relate to reporting companies that are domestic issuers, even though certain of the amendments apply more broadly, such as to foreign private issuers.
7 minute read

New York Law Journal

Chancery Court Dismisses Shareholder Derivative Suit Challenging Block's Acquisition of TIDAL

Delaware Chancery Court dismisses shareholder derivative suit challenging Block's acquisition of TIDAL—a music streaming company associated with Jay-Z—for failing to adequately plead demand futility.
7 minute read

The American Lawyer

Miami Lawyer John Ruiz's LifeWallet Loses $3.1B in Value After Accounting Errors Fixed

The assets of the Medicare recovery firm-turned-health care data company are worth half as much as the company previously reported due to accounting errors in the May 2022 de-SPAC, a Thursday financial statement indicated.
4 minute read

Delaware Business Court Insider

Back to the Drawing Board: Vice Chancellor Blocks Settlement of Claims Arising From AMC's Reverse Stock Split

The problem with the settlement, the court said, is its proposed release of claims involving AMCs preferred equity shares, or APEs, held by those who also hold common stock.
4 minute read

Litigation Daily

The Regional Bank Swoon Yielded a Securities Class Action Boomlet

Cornerstone Research noted in its midyear assessment of securities class actions that the string of bank failures that rocked the markets earlier this year already generated six securities class actions.
5 minute read

Litigation Daily

Litigators of the Week: The Defense Team that Showed Ripple's XRP Isn't 'In and Of Itself' a Security

The eyes of the cryptocurrency industry have been on the SEC's case with Debevoise and Kellogg Hansen representing Ripple Labs and Cleary and Paul Weiss representing company executives.
11 minute read

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