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Pension Plan Failed To Plead Scienter In Securities Class Action, Judge Rules
OKLAHOMA CITY - A pension plan failed to plead scienter in arguing that the nation's second largest natural gas producer and certain of its current and former officers and directors misrepresented the...
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Judge: Gupta Not A 'Beneficial Owner' Of Goldman Stock Under Securities Law
NEW YORK - Ruling that former Goldman Sachs Group Inc. director Rajat Gupta was not a "beneficial owner" of Goldman Sachs shares under federal securities laws, a Second Circuit U.S. Court of Appeals...
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Judge: Investor Failed To Plead Requisite Subjective Falsity In Securities Suit
NEW YORK - A federal judge in New York on April 26 dismissed a shareholder's amended securities class action complaint, ruling that the shareholder failed to plead subjective falsity as required under...
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Vice Chancellor Denies Motion To Dismiss Shareholder Derivative Case
WILMINGTON, Del. - A Delaware vice chancellor denied a company's directors' and officers' motion to dismiss a shareholder derivative lawsuit on April 25, finding that the shareholder had pleaded...
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Report: Slight Increase In Securities Lawsuit Filings In First Quarter
NEW YORK - The number of securities and business litigation and enforcement lawsuits filed in the first quarter of 2013 increased slightly from the fourth quarter of 2012, but the numbers were still...
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Cornerstone Releases Accounting Class Action Filings And Settlements Report
BOSTON - Although the number of securities class action lawsuit filings dealing with accounting issues dropped sharply in 2012, "accounting case settlement dollars represented over 90 percent of all...
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UBS Defendants Want U.S. Supreme Court To Clarify Demand Standard
Case: UBS Financial Services Inc. of Puerto Rico, et al. v. Union de Empleados de Muelles de Puerto Rock PRSSA Welfare Plan, et al., No. 12-1208, U.S. Sup....(read more)
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Shareholder: 3rd Circuit Should Reverse Dismissal Of Suit Against Kid Brands
Case: Shah Rahman v. Kid Brands Inc., et al., No. 12-4257, 3rd Cir., See November 2012, Page 38....(read more)
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Ponzi Scheme Defendant Appeals District Court's Disgorgement Order
Case: Securities and Exchange Commission v. Larry Lee Adair, No. 12-36033, 9th Cir....(read more)
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Former CEO Wants 10th Circuit To Reverse Findings For SEC
Case: Securities and Exchange Commission v. Brian D. Fox, No. 13-5013, 10th Cir....(read more)
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UBS Shareholders Say Amended Fraud Complaint Shouldn't Be Dismissed
Case: C.D.T.S. No. 1 and A.T.U. Local 1321 Pension Plan v. UBS AG, et al., No. 12-4924, S.D. N.Y.; See April 2013, Page 47....(read more)
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Facebook Says It Disclosed Possible Effect Of Mobile Platforms On Revenue
Case: In re: Facebook Inc. IPO Securities and Derivative Litigation, No. 1:12-md-02389, S.D. N.Y., See October 2012, Page 26....(read more)
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Chinese Oil Company Defendants Move For Dismissal Of SEC Action
Case: Securities and Exchange Commission v. China Northeast Petroleum Holdings Limited, et al., No. 12-8696, S.D. N.Y.; See December 2012, Page 52....(read more)
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SEC, Hedge Fund Operator Debate Director, Officer Bar
Case: Securities and Exchange Commission v. Patrick G. Rooney, et al., No. 11-8264, N.D. Ill., See April 2013, Page 52....(read more)
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Well Company Can't Show Damages, Holding Company Says
Case: Archer Well Co. Inc. v. GW Holdings I LLC, et al., No. 12-6762, S.D. N.Y....(read more)
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Hospital Owner Disputes 2nd Amended Complaint
Case: In re: Health Management Associates Inc., Gary D. Newsome, Kelly E. Curry and Robert E. Farnham, No. 12-00046, M.D. Fla.; See February 2012, Page 39....(read more)
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Allscripts Shareholders Dispute Motion To Dismiss
Case: Bristol County Retirement System v. Allscripts Healthcare Solutions Inc., et al., No. 12-03297, N.D. Ill.; See April 2013, Page 46....(read more)
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SEC Says Wyly Defendants Misconstrue Gabelli Decision
Case: Securities and Exchange Commission v. Samuel E. Wyly, et al., No. 10-5760, S.D. N.Y.; See May 2011, Page 48....(read more)
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Shareholder Attempts To Halt Sprint's Sale To SoftBank
Case: Paul Gerbino v. Sprint Nextel Corp. et al., No. 12-2722, D. Kan....(read more)
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SEC Wants Phone Call Included In Case Against Former Goldman Vice President
Case: Securities and Exchange Commission v. Fabrice Tourre, No. 10-3229, S.D. N.Y.; See April 2013, Page 53....(read more)
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